• J. L. Porket
Part of the St Antony’s Series book series


One of the professed goals of post-communist societies was the achievement of higher living standards and greater economic freedom. Initially, though, the obstacles facing economic transformation and the hardships caused by it tended to be underestimated. That it to say, it tended to be forgotten that economic transformation would involve both costs and benefits, that these costs and benefits must be weighed against each other, and that short-term costs were necessary in the interest of long-term benefits.


Social Exclusion Real Wage Poverty Rate Purchase Power Parity Economic Transformation 
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    See also Bartlomiej Kaminski, ‘The Legacy of Communism’,, in John P. Hardt and Richard F. Kaufman (eds), East-Central European Economies in Transition, Armonk, M.E. Sharpe, 1995, p. 17, Table 1.Google Scholar
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© J. L. Porket 1998

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