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Theoretical and Applied Economics
No. 2 / 2009 (531)

Controversies in the Debate Regarding Economic Convergence

Marieta Stanciu
Carmen Puiu
University of Craiova

Abstract. Countries from Central and Eastern Europe face some specific challenges for poor countries: still fragile institutions, a social cohesion under a lot of pressures, inequalities in rapid growth(1), endemic corruption etc. That is why these countries must prepare public policies that should try to solve a range of specific problemes that these countries faceses with on their way of development.
A strategy of economic development means a construction of conscious public (economical) policy, therefore intellectual resources, a capacity to formulate and carry out policy.

Keywords: convergence; catching-up; big push; social and economic cohesion.

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