European Bank for Reconstruction and Development's Transition Report 2013
Jeromin Zettelmeyer, Peterson Institute for International Economics (PIIE) and deputy chief economist of the European Bank for Reconstruction and Development (EBRD), presents the EBRD's Transition Report 2013 at an event held January 6, 2014, at PIIE. Anders Åslund, PIIE, provides an independent discussion following Zettelmeyer's presentation. Reforms in most countries transitioning to market economy systems have stalled since the mid-2000s. Without a revival of reforms, living standards will remain below those in mature market economies. The 2013 Transition Report explores why resistance to reform is rooted in political, institutional, and human capital constraints. It shows that democracy has enabled reform by triggering improvements in economic institutions. Importantly, the Transition Report also assesses the extent of economic opportunities in transition countries compared to Western European benchmarks. For more information, visit: www.piie.com/events/event_detail.cfm?EventID=310
