Economies in Transition: Comparing Asia and Eastern Europe

Front Cover
Wing Thye Woo, Stephen Parker, Jeffrey Sachs
MIT Press, 1997 - Business & Economics - 412 pages

In 1994, the Asia Foundation's Center for Asian Pacific Affairs began a two-year project to compare the transitions of selected East European and Asian economies from centrally-planned communist systems to market economies. The goal was to shed light on the transition process through an understanding of the underlying economic and institutional dynamics. This volume is the culmination of that project.The volume is divided into three parts. In the first part, an overview, the editors review the authors' findings and highlight major themes. The second part looks closely at the transition process in seven Asian and East European economies: China, Vietnam, Mongolia, Russia, Poland, Hungary, and the Czech Republic. The third part contains six comparative studies that explore key elements of the transition process. The papers incorporate feedback obtained from meetings with cabinet members and high government officials, conferences, and seminars in Prague, Ho Chi Minh City, Hanoi, Beijing, Ulan Bator, and Washington, D.C.

Contributors
Leszek Balcerowicz, Barbara Blaszczyk, Peter Boone, Yuan Zheng Cao, Bruce Comer, Marek Dabrowski, Georges de Menil, Daniel C. Esty, Gang Fan, Boris Federov, Roman Frydman, Carol Graham, Stephen Parker, Andrzej Rapaczynski, James Riedel, Jeffrey D. Sachs, Baavaa Tarvaa, Vinod Thomas, Gavin Tritt, Adiya Tsend, Enkhbold Tsendjav, Joel Turkewitz, Narantsetseg Unenburen, Yan Wang, Wing Thye Woo

 

Contents

Past Successes and Future
19
Transition to a Private Property Regime in the Czech Republic
41
Mongolias Transition to a Democratic Market System
103
The Polish Way to the Market Economy 19891995
131
The Ups and Downs of Russian Economic Reforms
161
Transition to a Market Economy in Viet Nam
189
East Asian Lessons from Economic Reforms
217
An Overview of Stabilization Issues Facing Economies
243
A Comparison
257
Improving the Performance of Enterprises in Transition
299
Environmental Protection during the Transition to a Market
357
Bibliography
387
Index
405
Copyright

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About the author (1997)

Wing Thye Woo is Senior Fellow, Foreign Policy, Global Economy and Development New Century Chair in International Trade and Economics at the Brookings Institution. Jeffrey Sachs is Galen L. Stone Professor of International Trade at Harvard University, and has been an economic advisor to more than a dozen countries around the world, including Bolivia, Mongolia, Poland, and Russia.