UNUnited Nations Economic Commission for Europe

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Forum on “After Fifteen Years of Market Reforms in Transition Economies: New Challenges and Perspectives for the Industrial Sector”

Palais des Nations, Geneva, 24-25 May 2005


Geneva, 21 May 2005 - The introduction of market reforms in the formerly planned economies of central and eastern Europe and central Asia fifteen years ago brought profound economic, social and political changes. As a result, these economies have become much more efficient and over the last few years have experienced positive rates of economic growth. However, this generally positive picture contrasts with the uneven and sometimes declining income of populations in some countries, the collapse of large parts of the industrial sector and a general lack of employment opportunities except for relatively low skilled and low paid jobs.

While a lot of attention has been paid to the growth of the service sector, that previously was neglected, the domestic industrial sector in these countries has suffered from intense international competition as well as from the collapse of military expenditures. At the same time, a number of international industrial companies have established their own subsidiaries in this part of the UNECE region albeit focusing on the resource-based, processing, food and automobile industries with comparatively few investments taking place in high-value added industrial activities.

With market reform, governments in these emerging market economies have not been able to support directly their industrial sector as they did in the past. Having no choice but to open their markets to full international competition and unable at times to conduct a supportive economic policy towards the growth and successful structural transformation of their domestic industrial sector, many governments are still struggling with the issue of industrial restructuring and competitiveness, and related issues dealing with foreign investment and employment as well as the impact of industrial foreign trade on the trade deficit, currency and balance of payments.

This is why UNECE countries requested the UNECE Committee on Trade, Industry and Enterprise Development and the Working Party on Industrial Restructuring and Enterprise Development to organize a Forum on the theme “After Fifteen Years of Market Reforms in Transition Economies: New Challenges and Perspectives for the Industrial Sector”. This Forum will be held during the UNECE Trade, Industry and Enterprise Development Week, on 24 and 25 May 2004, in the Palais des Nations.

The goal of the Forum is to contribute to a better understanding of trends and developments as well as the challenges in the economic and in particular industrial restructuring of countries in the UNECE region with a focus on the new emerging market economies. The event is divided into six sessions (see programme):

  1. Economic and Industrial Restructuring in the UNECE Region, 1990-2004 – Lessons and Prospects;
  2. Information and Communication Technologies and Knowledge-based Industries and Industrial Restructuring;
  3. The Impact of Industrial Restructuring on Small and Medium sized-Enterprises;
  4. Good Practice in Entrepreneurship and SME Development – The Baltic Miracle: Experience of Estonia, Latvia and Lithuania;
  5. Driving Forces in Industrial Restructuring in Transition Economies; and
  6. New Challenges and Perspectives in Industrial Restructuring.

Each session will be chaired by a policy maker or academician, such as Mr. Miroslav Somol, Deputy Minister, Ministry of Industry and Trade (Czech Republic), Mr. Ramamurti Badrinath, Director of the Division of Trade Support Services of the International Trade Centre, Prof. David Smallbone, Director of the Small Business Research Centre at Kingston University (United Kingdom), and H.E. Mr. Dumitru Croitor, Ambassador, Permanent Mission of the Republic of Moldova to the United Nations Office and other International Organizations in Geneva.

For further information, please contact:

Mr. Antal Szabó
Regional Adviser on Entrepreneurship and SMEs
United Nations Economic Commission for Europe
Palais des Nations, Bureau 440
CH - 1211 Geneva 10, Switzerland

Phone: + 41(0) 22 917 2471
Telefax: + 41(0) 22 917 0178
E-mail: [email protected]

Ref: ECE/IREEDD/05/P03