EAN: 9783838203362

GOVERNANCE FAILURE AND REFORM ATTEMPTS AFTER TH...

The global economic crisis of 2008 2009 has had a broad impact far beyond economic concerns.
Most importantly  it has been seen as a crisis of governance and debates have not just
questioned specific regulations  e.g. of global financial markets  but have additionally
challenged the appropriateness of underlying governance concepts not only in global markets 
but also at the national level. For the post-socialist countries  which adopted market-oriented
governance mechanisms less than two decades ago  the global crisis was the first stress test
after the post-socialist recovery. The contributions in this book focus on the impact of the
crisis and related reform attempts in two broad areas. The first area is financial and monetary
policy  which has been chosen because it is at the core of the global crisis of 2008 2009. The
second area is relations between business and state actors  which are important  because
corruption and weak institutional frameworks can both seriously hamper reform attempts. This
book presents a selection of the papers discussed at the Changing Europe Summer School on 'The
Impact of the Global Economic Crisis on Central and Eastern Europe' held in Moscow at the
National Research University - Higher School of Economics in August 2011.

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