Post-Communist Transition: The Thorny Road treats the historical
endeavor to transform state-controlled economies to new
institutional arrangements of free market economies. This ongoing
transition is an indispensable part of globalization. The recession
created by the transition has lasted much longer than expected,
contraction was deeper than earlier assumed, and the recovery was
not -- and in some cases still is not -- as smooth as envisaged by
both the relevant governments and international organizations.
Instead of recovery and robust growth, the lasting recession has
turned out to be the Great Transitional Depression, continuing in
several countries over the entire decade ofthe 1990s. It is
important that the effects have been felt most severely in the two
countries with the largest economies -- Russia and Ukraine. The
author presents a series of articles that examine the underlying
roots of these processes, especially from the viewpoint of policy
options for the future and their political and technical
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