This new edition provides a detailed and systemic analysis of the shocks and vulnerabilities seen within Eastern Europe and their impact on medium and long-term economic stability and the sustainable development of the region. Fully revised to account for the dramatic changes within Eastern Europe since the COVID-19 pandemic and the war in Ukraine, it examines economic, social, institutional, and political fragility within countries within the Eastern part of the EU and presents an economic framework and policies form overcoming these challenges and creating greater economic resilience. A particular focus is given to issues of economic governance, long-term economic growth, energy security, job creation, and climate action. This book highlights the need of economic resilience and looks at ways EU policies can create this within Eastern Europe. It will be relevant to students, researchers, and policymakers interested in the political economy and economic policy.