When communism fell in 1989, the question for most Eastern European
countries was not whether to go to a market economy, but how to get
there. Several years later, the difficult process of privatization
and restructuring continues to concern the countries of the region.
"The Transition in Eastern Europe, Volumes 1 and 2" is an analysis
of the experiences of various countries making the transition to
market economies and examines the most important challenges still
"Volume 1, Country Studies, " gives an in-depth, country-by-country
analysis of various reform experiences, including historical
backgrounds and discussions of policies and results to date. The
countries analyzed are Poland, Czechoslovakia, Hungary, eastern
Germany, Slovenia, and Russia. Written by leading economists, some
of whom helped shape local and national reforms, this volume
identifies common progress, common difficulties, and tentative
solutions to the problems of economic transition.
"Volume 2, Restructuring, " focuses on specific issues of
transition, including how to design labor market institutions,
privatization, new fiscal structures, and bankruptcy laws; how to
reorganize foreign trade; and how to promote foreign direct
investment. The articles, written by experts in the field, will be
of direct help to those involved in the transition process.
These volumes provide a standard reference on economic transition
in the region for policymakers in Eastern Europe and in western
countries, for international agencies concerned with the transition
process, and for anyone interested in learning about the dramatic
changes that have recently occurred in Eastern Europe.
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