Table of Contents

FOREWORD INTRODUCTION Chapter 1. Communism as an Economic and Societal System in the Twentieth Century 1.1. The theoretical model of the command economy and society 1.2. The historical evolution of Soviet communism 1.3. Three basic models of communism in Central and Eastern Europe Chapter 2. Transition to Market and Democracy in Central and Eastern Europe 2.1. The matrix of structural reforms in transition 2.2. Business sector liberalization 2.3. Macroeconomic stabilization 2.4. Competitive privatization 2.5. Public utility and financial sector privatization 2.6. Restructuring public utilities and financial institutions 2.7. Regulation and supervision of public utilities and financial Institutions 2.8. Public finance and administration 2.9. Subsovereign governments 2.10. Legal and judicial reform 2.11. Matrix reloaded Chapter 3. Transition for the Twenty-First Century REFERENCES INDEX

About the Author

Lajos Bokros, Member of the European Parliament, former Minister of Finance of Hungary, Professor of Economics and Public Policy at CEU

Reviews

Lajos Bokros is a prominent academic economist and an extremely experienced practitioner of fiscal and market reforms, not only in his native Hungary but also - as an advisor - in many other transition countries. This rare combination of skills has allowed him to write a very interesting book, based on a massive knowledge and a clear analysis. I recommend it not only to the readers in the post-socialist countries but also to those in the West as his book contains important lessons about the value of free markets and the dangers of statism." - Leszek Balcerowicz, Warsaw School Economics