Abstract
There were many different approaches to the problem of how to make the transition from the economic system that prevailed under communism; but about its desirability and necessity there was practical unanimity within Eastern Europe (if not in the Soviet Union and its successor states). Moreover, the international financial institutions, such as the World Bank and the International Monetary Fund, and their regional counterpart the European Bank for Reconstruction and Development (EBRD), generally made the granting of loans conditional on the implementation of radical economic reforms.
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Notes
J. Kuron, Moja Zupa (Warsaw: Polska oficyna wydawniczna ‘BGW’, 1991), p. 25.
B. Slay, The Polish Economy: Crisis, Reform and Transformation (Princeton: Princeton University Press, 1994), p. 100.
A.H. Amsden, J. Kochanowicz and L. Taylor, The Market Meets Its Match: Restructuring the Economies of Eastern Europe (Cambridge, Massachusetts: Harvard University Press, 1994), pp. 114, 123.
Y. Golan, ‘A Short Report on a Hungarian Long-Term Problem’, Environmental Policy Review, 5 1, January 1991, pp. 76–8 (77).
A. Cornia and R. Paniccia, ‘The Transition’s Population Crisis’, MoctMost 6,1,1995, pp. 95–129 (118).
M. Lavigne, The Economics of Transition: From Socialist Economy to Market Economy (London: Macmillan, 1995), Table 9. 5, p. 236.
J. Kornai, The Road to a Free Economy (London: Norton, 1990), p. 22. Note, however, his wise qualification: ‘Perhaps the role of government will be reconsidered at a later stage.’
M. Rutkowski, ‘Labour Market Policies in Transition Economies’, MoctMost 6, 1, 1996, pp. 19–38 (35).
T. Jelinek and O. Schneider, ‘Time for Pension Reform in the Czech Republic’, Transition (OMRI), 4, 1, July 1997, pp. 77–81.
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© 1999 Ben Fowkes
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Fowkes, B. (1999). The Economic Underpinnings: Tearing down the Old, Building up the New. In: The Post-Communist Era. Palgrave Macmillan, London. https://doi.org/10.1057/9780230376915_6
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DOI: https://doi.org/10.1057/9780230376915_6
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