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The Economics of Transition

From Socialist Economy to Market Economy

  • Textbook
  • © 1995

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Table of contents (11 chapters)

  1. The Past: Real Socialism

  2. The Present: Transition in the Making

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About this book

The transition to a market economy is going on in Eastern Europe and in the former Soviet Union. Stabilizing the economic situation and conducting systemic transformation has proved more difficult and is lasting longer than expected. The legacies from the past explain these difficulties, along with some external shocks, and with political and economic domestic factors. No ready-made recipes or structural adjustment programmes are available. The Western developed world is clearly feeling the impact of this unprecedented process.

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