ENRICO MARELLI is Full Professor of Economic Policy at the University of Brescia, Italy. He studied at Bocconi University, at the London School of Economics and at the University of Pennsylvania. Marelli has published several books and articles in a number of research areas: international economics, transition economics, labour economics and policy, regional economics, macroeconomics and economic policy. MARCELLO SIGNORELLI is Associate Professor of Economic Policy at the University of Perugia, Italy. He is Vice-President (2008-2010) of the European Association for Comparative Economic Studies (EACES). Signorelli studied at the University of Siena, at the Columbia University and at the University of Warwick. He has published many articles and edited some books in the following research areas: comparative economics and labour policy, transition economics and European economic Integration, regional economics and economic policy.

• Foreword; J.Holscher Reflections on Progress in the Transition; B.Schmögnerova Introduction; E.Marelli  & M.Signorelli Economic Growth and Structural Features of Transition: Theoretical Framework and General Overview; E.Marelli& M.Signorelli PART I: ECONOMIC GROWTH AND DEVELOPMENT Governance, Institutions and Growth: Empirical Lessons from the Post-Communist Transition; C.J.Gerry, J.Lee  & T.M.Mickiewicz Human Capital and Social Capital as Interacting Factors of Economic Development; A.Kaasa  & E.Parts Productivity, Employment and Human Capital in Eastern and Western EU countries; E.Marelli & M.Signorelli Trade-off between Productivity and Employment in Transition Countries: An International Comparison; M.T.Choudhry  & B.Ark PART II: STRUCTURAL CHANGE AND REGIONAL PERFORMANCE Sectoral Structure and Productivity in the EU: New Member States' Adjustment to Structural Transformation; T.Paas, J.Sepp & N.J.Scannell The Emerging Economic Geography Setting in New EU Member States: A Comparative Account of Regional Industrial Performance and Adjustment; D.Kallioras, G.Petrakos & M.Tsiapa Is European Trade Integration Completed? Perspectives for CEE Countries; F.Festoc-Louis  & N.Roudaut PART III: INCOME INEQUALITY AND LABOUR MARKET EVOLUTION Is Kuznets Hypothesis Valid for Transitional Countries?; O.Demidova Perceived Job Security in Transition Countries:A Comparative Perspective; M.Facchinetti  & F.Origo Unemployment Convergence in Transition; J.Tyrowicz & P.Wojcik Structural Change and Regional Labour Market Imbalances in Transition; F.E.Caroleo  & F.Pastore Youth Unemployment in Transition Countries and Regions; C.Perugini  & M.Signorelli Biografical Notes