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The systematic transformation from planning and bureaucratic co-ordination to a liberal private capitalist economic order has been a historic challenge for Central and South-East European countries. It was inevitable that following the post-revolutionary euphoria there would be a period of gathering stock as the true dimensions of the crisis came to be appreciated. What is clear is that the road form crisis to capitalism will be long and bumpy and this book focuses on some of the key policy-relevant theoretical issues of strategic transformation. In doing this the contributors compare the situation in East Europe with non-European experience - particularly that of Latin America - and attempt to establish a basis for redesigning and consolidating the crisis-ridden Central and Eastern European States.
Between 1989 and 1992 three colloquia on transformation problems were held at the Ludwig-Reimers-Stiftung, Bad Homburg. At the end of the 1980s the collapse of the Soviet-type socialist economic system had become clear and, hence, the necessity to transform these systems into an entirely different eco nomic order. Similar processes have happened and still happen in other his torical constellations, for instance in developing countries. It has been the aim of the Transformation Colloquium to gain more theoretical insight into these phenomena. The object of research has been transformation defined as transition from a given economic order (socialist planned economy e.g.) to a consistent new or der (market economy). This is a highly complex phenomenon which occurred, above all, during the 20th century: introduction and abolition of socialist sys tems, transition from war economies to peace-time market economies. Histori cal experience allows perhaps for certain generalizing abstractions. The central problem discussed at all (up to now) three colloquia is the question whether the object is amenable for theoretical analysis and which approaches eventually are promising.
Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck. The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.
This volume offers an applied economics interpretation of the modernization process which followed the collapse of the Soviet empire and of the state socialist experiment. From 1984-1994 a loss of employment and production was recorded in Eastern Europe which exceeded that of the great depression of 1929-1933.
This timely and assured book provides an essential guide to one of the biggest social, political and economic developments of our time.
The paper analyzes common issues emerging from the recent experience with Fund-supported programs in Hungary, Poland, Czechoslovakia, Bulgaria and Romania. These comprise the initial price-overshooting and the output collapse, fiscal sustainability as well as the financial and structural problems associated with bad loan portfolios and sluggish implementation of privatization programs. Substantial success, in varying degrees, has been achieved in the initial macro-stabilization and opening-up effort. At the same time mounting difficulties with fiscal and monetary control may be emerging, as a result of social and political pressures and insufficiently clear policy signals on the micro-issues involving the sharp structural transformation of the productive and financial systems.
First published in 1997, this collection of articles and essays analyses the political economy of reform and change in Eastern Europe during the years of Gorbachev's perestroika and the years immediately following the fall of the Berlin wall and the collapse of the Soviet Union. Written by Polish economist Jan Winiecki, between 1984 and 1996, this work explores the issue of the feasibility of reform and change during the period of decline and collapse of communist economic order and, later, the emergence of the capitalist economic order in the post-communist Eastern Europe. Split into three parts, the work considers firstly the failures of Gorbachev's political economy of reform, secondly the determining factors in the collapse of the Soviet system, and finally the feasibility of the systematic change which began in the wake of its collapse.
"This book examines processes of media change in post-Communist countries. Considerable attention is paid to the general process of transformation before turning to the media in particular. In this reexamination of the media under the Communist system and its role in the transition, the stress is on analysis of media policy and media systems. The author develops a model of change in Central and Eastern Europe and how it can be applied. As such, the intention is not to provide a full account of the debate but to illustrate the main elements and mechanisms of the process as exemplified by the situation in selected countries."--BOOK JACKET.