New political economy and development economics. Globalization and the catching-up of the emerging markets. Economic transition in Central and Eastern Europe, and its interpretation in development economics. Varieties of capitalism in Central and Eastern Europe. Double challenges of globalization and Europe. The role of European integration, the conditions of long run stability. Interpretation of the Russian transformation in the new political economy. Interpretation of the Chinese transformation in the new political economy. Private property, regulation, and regulated markets. Institutions and economic development.