Abstract
The contributions included in Part I offer a synopsis of many of the crucial issues related to transition strategies. Drawing mainly on the experience of Russia and Poland, I will ask three questions: i) how reliable are the data commonly used to describe what happened in the first half of the 1990s? ii) how comparable are policy outcomes over time and across countries? and iii) are the first or second-generation policy debates still relevant now that some countries are advanced enough to shrug off — rightly or not — the “transition” label?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
KeynesJ.M. 1925, A Short View of Russia, published by Leonard and Virginia Woolf, London.
Zienkowski, L., 1996, “The Polish Experience in Estimates of the Hidden Economy”Research Bulletin of RECESSVol. 5, No. I.
Aslund, A., Boone, P. and Johnson, S., 1996How to Stabilize, Lessons from Post-Communist Countries, Brookings Papers on Economic Activity, March.
Balcerowicz, L., 1995, Socialism, Capitalism,Transformation, OUP and Central European University.
Blanchard, 0., 1995, The First Clarendon Lecture, Oxford, November.
Gomulka, S., 1994, “Economic and Political Constraints during Transition”, Europe-Asia Studies, 46(1): 83–106.
LSE, 1996, Causes of Output Decline, Sources of Recovery and Prospects for Growth in Transition EconomiesJuly, [mimeo].
Russian Economic Trends1996, 13 June, p. 4.
Rodrick, D., 1996, “Understanding Economic Policy Reform, The Journal of Economic Literature, Vol. 34, pp. 9–41, March.
Williamson, J., 1994, The Political Economy of Policy Reform, Institute for International Economics, Washington, D.C.
Balcerowicz, L., 1995, Socialism, Capitalism,Transformation, The Central European University Press, Budapest, London and New York.
Blomström, M., Lipsey, R., and Zejan, M., 1996, “Is fixed investment the key to economic growth?” The Quarterly Journal of Economics, Vol. No. 1., pp. 269–276.
Bofinger, P., FlassbeckH. and Hoffman, L., 1995, “Ekonomika ortodoksalnoi monetartnoi stabilizatsii: primer opita Rossii, Ukraini I Kazakhstana”Voprosi Ekonomkki, vol. 66. No. 12., pp. 26–44.
Csaba, L., 1995, The Capitalist Revolution in Eastern Europe, Cheltenham and Brookfield, E. Elgar Publishing Co.
Csaba, L., 1996a, “Gazdaságpolitika és gazdasági rendszer Oroszorszgában, 1992–1996. Economic policy and economic system in Russia” in 1992–96 Külgazdaság, vol. 40 No. 3 pp 35–60.
Csaba, L., 1996b, “Privatisation and distribution: theory from evidence”, in: Dallago, B., ed.: Privatization and Distribution in Central and Eastern Europe. Cheltenham and Brookfield: E., (in print).
Dewatripont, M., and Roland, G., 1996, “Transition as a process of large-scale institutional change”, Economics of Transition, vol. 4, No. 1. pp. 1–30.
Dallago, B., 1993, “Some reflections on privatization as a means to transform the economic system: the Western experience”, in Wagener, H.-J. ed., The Political Economy of Transformation. Physica Verlag, Heidelberg and New York, pp. 113–144.
Daianu, D., 1994, “The changing mix of disequilibria during transition: a Romanian perspective”, in: Csaba, L. ed. Privatization, Liberalization and Destruction: Recreating the Market in Central and Eastern Europe, Aldershot and Brookfield, Dartmouth Publishing Co, pp. 189–216.
Gondolatok az államháztartási reformr6l (Thoughts on the reform of public finances), a document adopted by the Hungarian government, Pénzügyi Szemle, Vol. 40, No. 5, pp. 339–351.
Pillath, C., 1993, “China’s transition to the market: a paradox of transformation and its institutionalist solution”, in: Wagener, H.-J. ed., The Political Economy, pp. 209–241.
Herr, H., Tober, S. and Westphal, A., 1994, “Output collapse and economic recovery in Central and Eastern Europe”, in: Herr, H., Tober, S., and Westphal, A. eds., Macroeconomic Problems of Transformation, Cheltenham and Brookfield, E. Elgar Publishing Co., pp. 1–44.
IBRD, 1995, Hungary: Structural Adjustment for Sustainable Growth., Washington and Budapest, December.
Kornai, J., 1993, “Evolution of financial discipline in the post-socialist system”. Kyklos, Vol. 46, No. 3, pp. 315–336.
Köves, A., 1995, Gazdaságpolitikai lehetöségek és dilemmák a Bokros csomag után (Possibilities and dilemmas of economic policy — after the Bokros-package), Külgazdaság, Vol. 39. No. 11. pp. 4–18.
de Long, B. and Summers, L., 1993, “Equipment investment and economic growth: how strong is the nexus?”, Brookings Papers on Economic Activity, No. 2.
OECD/CCET, 1995, The Russian Federation,Economic Surveys series, September.
Rollo, J. and Flemming, J., eds, Trade, Payments and Adjustment in Central and Eastern Europe, RIIA and EBRD, London.
Sachs, J. and Woo, W., 1996, “China’s transition experience re-examined”, Transition, Vol. 7. No. 3–4, pp 1–5.
Szamuely, L., ed, 1996, Reevaluating Economic Reforms in Central and Eastern Europe since 1989., Tokyo and Budapest: NIRA and Kopint-Datorg Foundation for Economic Research.
Tanzi, V., 1993, “The budget deficit in transition”, ¡MF Staff Papers, Vol.40., No.3. pp. 697–707.
Voszka, E., 1996, “A tulajdonváltás felemás sikeréve” (A contradictory year of success in ownership change in Hungary), Közgazdasági SzemleVol. 43. No.5. pp. 385–402.
Wagener, H-J., 1992, Wieweit ist Systemtransformation planbar? in: Albeck, H. edund Geldverfassung.Göttingen, Vandenhoek and Ruprecht, pp 99–115.
Wagener, H.J., 1994, “Some theory of systemic change and transformation”, in: Wagener, H.-J. ed, On the Theory and Policy of Systemic ChangePhysica Verlag, Heidelberg and New York, pp. 1–20.
Young, A., 1995, “The tyranny of numbers confronting statistical realities of the East Asian growth experience”, The Quarterly Journal of Economics, Vol. 59., No.3., pp 641–680.
Zecchini, S., 1996, “The role of international financial organisations in the transition process”, in: Schönfeld, R., ed, The Role of International Financial Institutions in Central and Eastern EuropeMunich, Südosteuropa-Gesellschaft, pp 75–96.
Editor information
Rights and permissions
Copyright information
© 1997 Springer Science+Business Media New York
About this chapter
Cite this chapter
Koen, V. (1997). Comments. In: Zecchini, S. (eds) Lessons from the Economic Transition. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-5368-3_9
Download citation
DOI: https://doi.org/10.1007/978-94-011-5368-3_9
Publisher Name: Springer, Dordrecht
Print ISBN: 978-0-7923-9857-8
Online ISBN: 978-94-011-5368-3
eBook Packages: Springer Book Archive