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The Economic Transformation of Eastern Europe

This volume provides an up-to-date account of how the process of economic transition in Eastern Europe is unfolding from the point of view of Eastern European economists assessing their native economies. The authors have personally experienced the frustrations of the previous Stalinist system of central planning and public ownership, as well as the difficulties and pitfalls of designing new systems based on markets and private ownership. The book focuses on the three countries of Eastern Europe leading the reform efforts - Czechoslovakia, Hungary and Poland - and points out similarities and differences in their reform strategies. Although the stories of economic change in Eastern Europe have dominated news headlines, the book argues that the real challenges of designing and maintaining viable economies are just beginning. The analysis in this volume is intended to be of interest to those in the academic and policy-making communities.
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Table of Contents

Introduction The Transfer of Property Rights The Case for Privatization in Czechoslovakia and Other Centrally Planned Economies by Jiri Hlavacek The Role of Property Rights in the Transition of Hungary by Zoltan Bara Poland's Property Rights Problem in the Transition by Maciej Iwanek Transition Into a Market Economy: The Road to Privatization in Yugoslavia by Ivan Ribnikar Macroeconomic Issues The Unexpected Consequenes of Traditional Macro Stabilization Policy During Transition: The Case of Poland by Jerzy Skuratowicz Macroeconomic Policy and Institutions in the Czechoslovak Transition: The Starting Point and First Steps by Ales Bulir The Transformation of the Czechoslovak Economy and Unemployment by Milan Sojka Polish Trade Adjustment under Convertibility by Andrej Kondratowicz and Jan Michalek Microeconomic Issues :Small Is Also Beautiful in the East: The Boom of Small Ventures in Hungary by Katalin Szabo Polish Firms in Transition by Mieczyslaw W. Socha and Urszula Sztanderska The Role of Peasants in the Systemic Transformation of the Polish Economy, 1944-1990 by Jerzy Wilkin Bibliography

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Provides an up-to-date account of how the process of economic transition in eastern Europe is unfolding from the point of view of eastern European economists assessing their native economies. The book focuses on three countries leading the reform efforts--Czechoslovakia, Hungary, and Poland.

About the Author

BERNARD S. KATZ is Emeritus Professor in the Department of Economics and Business at Lafayette College in Easton, Pennsylvania.LIBBY RITTENBERG is Associate Professor in the Department of Economics and Business at Colorado College in Colorado Springs.

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