This issue marks the twentieth anniversary of the end of communism and of UNDP’s first Human Development Report.
State reform in Europe and the CIS amid a global crisis
This issue explores the links between food prices and global economic trends on the one hand, and poverty reduction and sustainable rural development on the other.
This issue analyses the challenges posed by climate change for the Europe and CIS region.
Print Article


The Regional Impact of the Global Economic Crisis



Issue Number: 13/2009, Issue Date: 2009.06.25
The focus of this issue is the socio-economic dimensions of the global economic crisis in Europe and the Commonwealth of Independent States (CIS).


The Regional Impact of the Global Economic Crisis

Where does the crisis leave the ‘good governance’ agenda that has been the dominant paradigm for development since the 1990s?

Implications of the crisis for Eastern Europe

While governments and international institutions have managed to control the contagion effects of the economic crisis, large policy questions remain.
 

Responding to crisis: core and periphery

‘Core’ economies must take responsibility for repairing the global financial system, in part by helping ‘peripheral’ economies weather the storm.

Transition after the crisis

The principal drivers of transition—regional and global trade integration, foreign direct investment—are unlikely to undergo fundamental change due to the recession.
 

A case for nationalizing failing banks

Government ownership of banks can play an important role in retaining savings within the financial system, particularly when bank regulation is of poor quality.

The rise and fall of the Baltic states

This article compares the post-1990 Baltic economies to the Nordic economies in the postwar era and argues that the former have become elaborate Ponzi schemes.
 

Towards a multifaceted policy response

The crisis is set to reverse a decade of progress towards meeting the MDGs in the Europe and CIS region. Effective policy responses are urgently needed.

Responding to falling remittances and returning migrants

Remittances in Europe and Central Asia are expected to decline by more than the global average. This article suggests some ways to deal with the problem.
 

The crisis and its consequences for women

If Russia’s August 1998 financial meltdown is any indication, the current crisis will have a serious impact on prospects for gender equality in the region.

Responding to the economic crisis in Kyrgyzstan

The impact of the crisis now threatens poverty reduction in Kyrgyzstan. Area-based programming could be part of the response.
 

The economic crisis as a human development opportunity

The crisis response must remove incentives for excessive consumption and financial leverage and emphasize broader measures of human development.

Crisis-related social mobilization in transition states

An analysis of selected countries in Eastern Europe and Latin America reveals that economic crises can be triggers for mass protest, but they are not the only determinants.
 

Slump and the city: Company towns and the crisis in Russia

The economic crisis poses special threats to the ‘company towns’ that continue to play a large role in Russia’s economic landscape.

Forthcoming Events

For a listing of events in the region.