The Economics of Transition : From Socialist Economy to Market Economy

Substantially revised and updated the second edition of this highly acclaimed text is both a vital guide and a valuable critical analysis. The book provides a contemporary comparative approach to the process of transformation of the economies of Eastern Europe and Russia. Supplying a large amount of factual and statistical information it also includes consideration of recent progress in the areas of macro-economic-stabilisation, micro-economic restructuring and integration into the world economy. Front Matter....Pages i-xx Front Matter....Pages 1-1 The Bases of the Socialist Economic System....Pages 3-14 History....Pages 15-28 The Reforms: Experiences and Failures....Pages 29-43 The Performance....Pages 44-64 International Economic Relations....Pages 65-87 Front Matter....Pages 89-89 The End of the System....Pages 91-112 Macroeconomic Stabilisation....Pages 113-161 Privatisation and Structural Reforms....Pages 162-202 Reintegrating the World Economy....Pages 203-263 When is Transition Over?....Pages 264-277 Conclusion....Pages 278-280 Back Matter....Pages 281-328 "Substantially revised and updated the second edition of this highly acclaimed text is both a vital guide and a valuable critical analysis. The book provides a contemporary comparative approach to the process of transformation of the economies of Eastern Europe and Russia. Supplying a large amount of factual and statistical information it also includes consideration of recent progress in the areas of macro-economic-stabilisation, micro-economic restructuring and integration into the world economy."-- Provided by publisher Presents a critical analysis of the transition from a socialist to a market economy in Eastern Europe and the former Soviet Union. Describes the history of the socialist economic system during the 20th century and investigates the causes of the collapse of the system and the move towards transition. Assesses the outcomes of the reform process This text provides a comparative approach to the process of transformation of the economies of Eastern Europe and Russia. Supplying factual and statistical information this edition also includes consideration of progress in the areas of macroeconomic stabilization, and microeconomic restructuring. We have chosen to call the former socialist countries as they usually called themselves, rather than 'Soviet-type', 'centrally planned', or 'command' economies, or other designations sometimes preferred by scholars. This substantially revised and updated new edition contains a large amount of factual and statistical data