Synopses & Reviews
andlt;Pandgt;The former socialist countries' transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations. This book compares the experiences of the countries involved over the first ten years to determine what has worked and failed, as well as the nature of the challenges that lie ahead.After two overviews of the transition process to date, the book presents eleven specific country cases: the reunification of East and West Germany; the most successful transition countries, Poland, Hungary, the Czech Republic, Croatia, and Slovenia; the less successful experience of countries in the former Soviet Union, namely, Russia, Belarus, and Ukraine; and the dissimilar developments in two major Balkan countries, Bulgaria and Romania. The final section summarizes the policy lessons of the different experiences. The contributors, who include ministers, government officials, academics, and leaders of international monetary institutions, stress the need for greater emphasis on institutional building and on the enforcement of contracts.andlt;/Pandgt;
Review
"There are many varieties of transition experience, and this volume covers them all. Essays pinpoint the unique aspects of each country's experience, the commonalties between the countries, and the diverse efforts to cope with changes. As a result, the book will be of value for both those looking for country-specific evaluations and for those seeking to understand the transition phenomenon--what has happened in the first decade and where it might be going."--Paul Wachtel, Research Professor of Economics, Stern School of Business, New York University The MIT Press
Review
"Of the dozen or so 'ten-years after' books, this is the one that will still be worth reading twenty years after. The country chapters are written by the very best experts on each of the economies."--Jacek Rostowski, Department of Economics, The Central European University The MIT Press
Review
andlt;Pandgt;"There are many varieties of transition experience, and this volume covers them all. Essays pinpoint the unique aspects of each country's experience, the commonalties between the countries, and the diverse efforts to cope with changes. As a result, the book will be of value for both those looking for country-specific evaluations and for those seeking to understand the transition phenomenon--what has happened in the first decade and where it might be going."--Paul Wachtel, Research Professor of Economics, Stern School of Business, New York University andlt;/Pandgt; The MIT Press The MIT Press
Review
andlt;Pandgt;"Of the dozen or so 'ten-years after' books, this is the one that will still be worth reading twenty years after. The country chapters are written by the very best experts on each of the economies."--Jacek Rostowski, Department of Economics, The Central European Universityandlt;/Pandgt; The MIT Press
Synopsis
The former socialist countries' transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations. This book compares the experiences of the countries involved over the first ten years to determine what has worked and failed, as well as the nature of the challenges that lie ahead.After two overviews of the transition process to date, the book presents eleven specific country cases: the reunification of East and West Germany; the most successful transition countries, Poland, Hungary, the Czech Republic, Croatia, and Slovenia; the less successful experience of countries in the former Soviet Union, namely, Russia, Belarus, and Ukraine; and the dissimilar developments in two major Balkan countries, Bulgaria and Romania. The final section summarizes the policy lessons of the different experiences. The contributors, who include ministers, government officials, academics, and leaders of international monetary institutions, stress the need for greater emphasis on institutional building and on the enforcement of contracts.
Synopsis
A comparative analysis of eleven transition economies.
Synopsis
The former socialist countries' transition to market economies is one of the momentous transformations in modern history. The pace and degree of success have varied widely, and there is increasing divergence in performance, structure, and institutions among the transition economies. These differences are largely determined by country-specific conditions and political configurations. This book compares the experiences of the countries involved over the first ten years to determine what has worked and failed, as well as the nature of the challenges that lie ahead.
Synopsis
andlt;Pandgt;A comparative analysis of eleven transition economies.andlt;/Pandgt;
About the Author
Mario I. Blejer is Vice President at the Central Bank of Argentina and a former Senior Advisor at the International Monetary Fund.Marko Skreb, former Governor at the Croatian National Bank, is Advisor to the Governor of the Bank of Albania.
Table of Contents
A decade of transition in a variety of settings: a comparison of country experiences / Mario I. Blejer and Marko éSkreb -- Ten years of transition in central Europe and the former Soviet Union: the good news and the not-so-good news / Johannes F. Linn -- Postcommunist transition and post-Washington consensus: the lessons for policy reforms / Grzegorz W. Kolodko -- East Germany: transition with unification, experiments, and experiences / Jèurgen von Hagen and Rolf R. Strauch -- Ten years of Polish economic transition, 1989-1999 / Marek Dabrowski -- Fiscal foundations of convergence to the European union: the Hungarian economy towards EU accession / Lâaszlâo Halpern and Judit Nemâenyi -- The Czech republic: ten years of transition / Vladimâir Dlouhây / Croatia in the second state of transition, 1994-1999 / Velimir éSonje and Boris Vujéciâc -- Fiscal impulse of transition: the case of Slovenia / Velimir Bole -- The legacy of the socialist economy: the macro- and microeconomic consequences of soft budget constraints / Yegor Gaidar -- Belarus: a command economy without central planning / D. Mario Nuti -- Problems with economic transformation in Ukraine / Anders êAslund -- The economic transition in Bulgaria, 1989-1999 / Ilian Mihov -- Strain and economic adjustment: Romania's travails and pains / Daniel Daianu -- Transition economies / Jacques de Larosiáere.