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Martin N. Baily and Pål Erik Sjåtil

Martin N. Baily and Pål Erik Sjåtil
Martin N. Baily, Chairman of the President's Council of Economic Advisers under Bill Clinton, is Chair in Economic Policy Development at the Brookings Institution. Pål Erik Sjåtil is McKinsey's Managing Partner for Eastern Europe, CIS, the Middle East, and Africa.

Recent blog posts

  • A New Model for New Europe
    Five years ago, Central and Eastern Europe was home to one of the world’s most impressive growth stories. But the region has struggled to regain momentum since the global financial crisis and subsequent recession. Economic-growth rates have fallen to less than a third of their pre-crisis levels. Foreign direct investment, which plunged 75% from 2008 to 2009, has only partly recovered.


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