Central and Eastern Europe

  • Peter Foldvari
Part of the Palgrave Studies in Economic History book series (PEHS)


This chapter provides an overview of the economic history of Central and Eastern Europe. The focus is initially placed on the region’s first round of modernisation, between 1850 and 1914. Subsequently, the chapter discusses the introduction of socialism and central planning after World War II and its implications for the region’s economic growth and development. A key feature explored is that this region is in many respects similar to Western Europe but remains significantly poorer.

JEL Classification

N10 N13 N14 N23 N24 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Peter Foldvari
    • 1
  1. 1.University of AmsterdamAmsterdamThe Netherlands

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