Transition and Growth in Post-Communist Countries: The Ten-Year Experience

This text documents the first ten years of economic transition in Central and Eastern Europe. It examines economic growth, stabilization policies and the reformation of social safety in the formerly communist countries. The analysis is presented by prominent architects of the economic transition who have been directly involved in both designing and implementing the programme of economic reforms. Using theoretical and empirical analyses the volume concludes that the countries which have successfully implemented major programmes of macroeconomic stabilization and institutional restructuring have experienced a much faster growth of national income and wealth than the non-reformers