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Chasing Western Europe: The economic development in Central and Eastern Europe after the fall of communism

ÌÇÐÄÆƽâ°æ overview report on economic development in the CEE region

In December 1991, the Union of Soviet Socialist Republics (USSR) collapsed, preceded by social protests in the Eastern bloc countries between 1989 and 1990. These revolutions marked the end of communism and the domination of the USSR in Central and Eastern Europe (CEE). This report looks at the process of systemic change that brings the CEE region closer to the prosperity of Western European countries.

The core chapters of this study investigate the development of CEE countries in the following areas: demographics, economic growth, foreign trade, and employment. Furthermore, the report provides provides insights into political and economic events around the region that received global media attention in 2021 and the first half of 2022.

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Table of contents

Democratization after communism

  • Historical overview

Demographic transition in the CEE region
  • Population
  • Life expectancy
  • Migration

Economic growth and convergence
  • GDP growth
  • Public debt
  • Inflation
  • Purchasing power
  • Poverty rate

Trade potential of the CEE region
  • Trade balance
  • Main export partners
  • Top exported goods

Labor market performance during the transition period
  • Gross minimum wages
  • Unemployment rates
  • Job vacancies

Current affairs
  • Rule of law conflict
  • Corruption
  • Energy crisis

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