Post-Communist Reform: Pain and Progress

Neuausgabe 1993
ISBN: 978-0-262-02362-7
Verlag: Penguin Random House LLC

Buch, Englisch, 191 Seiten, Format (B × H): 140 mm x 209 mm, Gewicht: 345 g

Reihe: Report of the Wider World Econ

In their earlier report, Reform in Eastern Europe, the WIDER group
assessed the main building blocks of a successful transition in Eastern Europe:

stabilization, price liberalization, privatization, and restructuring. For the last
three years this group of leading economists has been heavily involved in the reform
process. In this new report, they take stock, returning to the original themes and
assessing progress and prospects, particularly in Russia.Stabilization in the major
Central European countries was done very much by the book. Russia, in contrast, is
following a path of restructuring without stabilization. The authors discuss how far
this alternative strategy is likely to get. Turning to privatization, they note that
initial plans started from the assumption that the state owned the assets. As slow
progress of those plans has painfully shown, this was the wrong assumption. They
point out that assets have in fact many de facto claimants, from managers to workers
to local authorities to ministries, and discuss how the current Russian
privatization program starts and builds up from this more realistic assessment.In
the face of a collapse of trade in Eastern Europe, triggered by reform in Central
Europe and a similar collapse between republics following the breakup of the Soviet
Union, the authors show how simple measures such as a payments union can be used to
increase trade and output.Post-Communist Reform concludes with a look at
restructuring in Poland. The authors focus on the behavior of the state, the growth
of the private sector, the role of financial systems, and the coherence of overall
government policy, ending on a note of cautious optimism.

Autoren/Hrsg.

Blanchard, Olivier J.

Boycko, Maxim

Dabrowski, Marek

Dornbusch, Rudiger

Layard, Richard

Shleifer, Andrei

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Studien zu einzelnen Ländern und Gebieten
• Sozialwissenschaften Politikwissenschaft Politische Systeme Transformationsprozesse (Politikwiss.)

Über Autor(innen)

Shleifer, Andrei
Andrei Shleifer is Professor of Economics at Harvard University and recipient of
the 1999 John Bates Clark Medal. He is the author of <I>Without a Map:
Political Tactics and Economic Reform in Russia</I> (MIT Press, 2000) and
other books.

Blanchard, Olivier J.
Olivier J. Blanchard is Economic Counselor and Director of the Research Department
at the International Monetary Fund. He is the author of
<I>Macroeconomics</I>, among other books, and coauthor of
<I>Lectures on Macroeconomics</I> (MIT Press).

Richard Layard is Director of the Centre for Economic Performance at the
London School of Economics.