Economic Transitions in Central and Eastern Europe：Any Lessons for the Arab Spring?

Abstract

This paper discusses the key reform agenda and economic characteristics of selected Middle East and North Africa (MENA) countries in comparison with Central, East and Southeast Europe (CESEE) and draws policy lessons for MENA transitions. The main task in the MENA countries will be a thorough modernization based on already existing structures with the help of external assistance and foreign direct investment. In contrast to the CESEE, MENA countries have failed to increase their export market shares. Foreign capital inflows and the regional integration need to be fostered. The existing diversity will persist and affect the outcome of transition strategies.