Economics and Politics of Transition

Front Matter....Pages i-x Editor’s Introduction....Pages 1-22 Transition of Economic Systems: Basic Aspects....Pages 23-46 Transition from Command to Market Economies....Pages 47-61 Concepts of Transition in Socialist Economies....Pages 63-72 The Neoliberal Concept of Economic Order....Pages 73-96 Policies for Stabilisation and Adjustment in the Transition Period....Pages 97-109 Monetary and Financial Policies in the Transition Period....Pages 111-124 Foreign Economic Relations in Eastern Europe’s Transition....Pages 125-142 Problems in East European Agriculture....Pages 157-165 Agriculture in the Hungarian Reform....Pages 167-173 The Restructuring of East European Agriculture....Pages 175-183 West Germany: The Monetary Reform of 1948 and the Rebirth of the Market Economy....Pages 185-202 Austria: Solutions in a Unique Political Environment....Pages 203-211 France: Two Big Transitions....Pages 213-217 Czechoslovakia: Strategies for Systemic Chance....Pages 221-230 East Germany: Transformation to a Social Market: Opportunities and Risks....Pages 231-243 East Germany: A Special Case or a Precedent?....Pages 245-252 Hungary: Issues for Privatisation....Pages 253-272 Hungary: Transformation in Progress....Pages 273-293 Poland: The Adjustment Programme....Pages 295-306 Poland: Underpinning the Transition: The Shadow of the Round Table Agreements....Pages 307-331 Poland: Building a Joint Venture From a State Enterprise....Pages 333-344 Soviet Union: Programmes of Economic Reform....Pages 345-347 Yugoslavia: Experience of Systemic Change....Pages 349-387 Economics and Politics of Transition....Pages 389-397 Specific Features of Transition from Plan to Market....Pages 399-408 Back Matter....Pages 409-421 Highlighting recent revolutionary changes, this volume deals with the ongoing transformation from central planning towards more efficient economic structures in Eastern and Central Europe and the former USSR. Political democracy and the creation of market economies have now become realistic aims but the process of reform is only just beginning and is likely to take many years. The papers and discussions deal with systematic changes, deregulation, abolition of price controls and macroeconomic fiscal and monetary policies needed to stabilise the economics and to implement appropriate structural changes