Professor Kong Tianping from the Institute of European Studies, which affiliates to the Chinese Academy of Social Sciences, held a first set of online guest lectures titled „Economic Transition in Central and Eastern Europe: Lessons and Reflection“. The lectures were held on May 18 at the master course Globalization and Economic Policy and on May 20 at the undergraduate course International Economics, at the University of Montenegro, Faculty of Economics.

In his lecture, prof. Kong discussed the initial conditions of the economic transition of the Central and Eastern European countries, the objective model of the transition, transition strategy, progress of the economic transition. Prof. Kong pointed out what lessons can be drawn from the economic transition in Central and Eastern Europe, and he presented some reflection about economic transition. The two different transition strategies in Central and Eastern Europe were presented - shock therapy and gradualism, as well as the elements of the economic transition, namely: stabilization, liberalization, privatization and institution-building.

The second guest lecture by prof. Kong titled „Global Changes and Relations between China and the West Balkans“ will be held on May 25 at the master course.

Lecture summary - Economic Transition in Central and Eastern Europe: Lessons and Reflection