ISBN: 0631187790 9780631187790

Category: Business & Economics / General

Page count: 99

The transition from state socialism to modern capitalism in Eastern Europe is one of the main challenges facing economics in the 1990s. Combining the detached analysis of a Western specialist with the detailed knowledge of two Eastern European academics, Economic Transition in Eastern Europe avoids a priori assumptions and superficial description to give a rigorous empirical analysis of the process of transition.<br>Professor Ellman begins with a discussion of the general aspects of transition. He explains the difference between the current transition and the former reform, and examines the reasons for the collapse of the old system. He also discusses different approaches to transition and the economic issues raised. Dr Gaidar presents an analysis of the economic catastrophe inherited by the independent Russian government and the measures needed to stabilize the situation. Professor Kolodko's contribution examines the stabilization policy pursued in Poland since 1990. He explains its aims and results, and considers the future of the Polish economy.<br>The authors provide up-to-date empirical material and combine this with surveys of the relevant theoretical literature. The book offers students, academics and professionals a valuable and informed insight into the momentous economic transition currently under way in Eastern Europe.