Economic transformation: state of art and some theoretical reflections

Gone are the days when those specialising on Central and Eastern Europe were forced to rely on sporadic information released by the authorities and complemented by fanciful jigsaw-puzzle-playing by Kremlin watchers and other outside analysts. By now reporting has become standard, methods mostly come up to international standards, and international organisations as well as prestigious research centres and banks regularly cover current developments in the area. Information has become abundant rather than scarce. Decisionmakers and analysts alike tend to face the opposite problem, namely how to filter out relevant pieces of information from the flood.