Systemic Change in Postcommunist Economies: Selected Papers from the Fifth World Congress of Central and East European Studies

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Since the collapse of communism in central Europe and the former USSR, different countries in the region have adopted quite diverse approaches to transition. Some were quick to commit to rapid reforms, while others encountered severe political and economic obstacles. This book analyzes the issues which characterize the early transition phase. A selection of country studies explore the implications of the old system for the course of postcommunist reform, the nature of the former USSR, and shock therapy versus ...
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Overview

Since the collapse of communism in central Europe and the former USSR, different countries in the region have adopted quite diverse approaches to transition. Some were quick to commit to rapid reforms, while others encountered severe political and economic obstacles. This book analyzes the issues which characterize the early transition phase. A selection of country studies explore the implications of the old system for the course of postcommunist reform, the nature of the former USSR, and shock therapy versus gradualism as alternative reform strategies.

Author Biography: Paul G. Hare is Head of the School of Management at Heriot-Watt University, Edinburgh.

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Editorial Reviews

Booknews
A dozen papers, a mix of conceptual analysis and country studies, demonstrate the wide range of approaches and experiences of transition to capitalism. Economists from eastern and western Europe, the US, and Japan consider such topics as gradualism versus shock therapy, the drop of Russian output in early transition and its implications in microeconomics and macroeconomics, Polish economic reforms in Japanese historical perspective, western economists and the transition process in Russia, and main directions and initial results of reforms in the Georgian economy. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780312226428
  • Publisher: Palgrave Macmillan
  • Publication date: 11/28/1999
  • Series: Selected Papers Series
  • Edition number: 1
  • Pages: 318
  • Product dimensions: 5.74 (w) x 8.84 (h) x 1.05 (d)

Table of Contents

General Editor's Introduction
Contributors
Overview 1
Gradualism versus Shock Therapy 25
'Shock versus Gradualism': The Inappropriateness of the Labels Applied to the Strategies in Central Europe 39
The Visible versus the Invisible Hand: A Tension Inherent in the Post-Communist Economies 62
Road Maps to Markets: Issues in the Theory of the Post-Communist Transformation 80
Russian Output Drop in Early Transition: Macro- and Micro-economic Implications 101
Polish Econonomic Reforms in Japanese Historical Perspective 135
Theories of Disintegration of the USSR 147
Political Problems of Economic Transformation Post-Communist Russia 164
Western Economists and the Transition Process in Russia 211
Russia's Economic Recovery Potential to the Year 2000 242
The Georgian Economy: Main Directions and Initial Results of Reforms 266
Index 293
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