Dear colleagues, 



Written in a style and format accessible to experts and non-specialists alike, this interdisciplinary study offers a comprehensive analysis of the economic history of the post-socialist economies of Central and Eastern Europe and the former Soviet Union. Structured around ten logically interconnected chapters and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world.


The book comes to an intriguing conclusion stating that while prosperous future may be the ultimate goal for each country involved, the past remains challenging to accept. It is the present that remains important. 


Emphasizing country specifics, the book offers background analysis of the emergence of the socialist economic model; adaptations of the model across Eastern Europe and elsewhere; critical review of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity across the region today.


The book is available for course adoptions and has received early praise from a number of distinguished reviewers (see web). 


“This comprehensive analysis of transition processes is a welcome addition to the transition literature. It is rich in historical analysis and presents a sobering and factually rich presentation of the diverse evolutions in Central and Eastern Europe. A must-read for all those interested in transition and countries of the region.” Gerard Roland, Professor of Economics at the University of California, Berkeley


Reference citation and website to the book:

  •  Gevorkyan, A..V. 2018. Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union. Oxford: Routledge.

The author of Transition Economies is Dr. Aleksandr V. Gevorkyan, Assistant Professor of Economics at the Department of Economics and Finance of the Peter J. Tobin College of Business at St. John’s University. 



Aleksandr V. Gevorkyan, Ph.D.

Assistant Professor of Economics

The Peter J. Tobin College of Business,

St. John's University


Senior Research Fellow / Vincentian Center for Church and Society

Research Fellow / Center for Global Business Stewardship

Expert (Economics), Permanent Observer Mission of the Holy See to the United Nations



Select recent publications:

  • NEW BOOK: Gevorkyan, A..V. 2018. Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union. Oxford: Routledge.
  • Gevorkyan, A.V. and T. Khemraj. Forthcoming. Exchange rate targeting and gold demand by central banks: modeling international reserves composition. Emerging Markets Finance and Trade.   
  • Gevorkyan, A.V. and T. Khemraj. 2018. How We Learned Not to Say No to Gold… In International Reserves. Development Economics Blog 
  • Gevorkyan, A.V. 2017. The foreign exchange regime in a small open economy: Armenia and beyond. Journal of Economic Studies. Vol. 44(5): 781-800.
  • Gevorkyan, A.V. 2017. Review on Mervyn King: The End of Alchemy: Money, Banking, and the Future of the Global Economy. London and New York: W. W. Norton & Company. Review of Political Economy. Vol.29(2): 338-341.
  • Gevorkyan, A. V. and Kvangraven, I. H. 2016. Assessing Recent Determinants of Borrowing Costs in Sub-Saharan Africa. Review of Development Economics.  Vol. 20(4): 721-738.
  • Gevorkyan, A.V. and O. Canuto (eds). 2016. Financial Deepening and Post-Crisis Development in Emerging Markets: Current Perils and Future Dawns. New York: Palgrave Macmillan.


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