The Post-communist Economic Transformation: Essays In Honor Of Gregory GrossmanRobert W Campbell The ongoing effort to transform the centrally planned economies of the postcommunist east into market economies has dashed early hopes that it would be possible to formulate a design and an agenda for marketization and privatization, to manage the process rationally, and to emerge from the turmoil of structural change fairly quickly. This volume takes a sober second look at approaches to and prospects for making the transition to new economic systems. The contributing authors, distinguished specialists on the formerly planned economies with decades of experience in the field, offer cogent analyses of the economic, political, social, and geographic dimensions of current reforms. They also review salient features of the old command economic systems, the effects of which even today have not been eradicated.The authors' intimate knowledge of how the old systems functioned gives them a special appreciation both of the need for reform and of the cultural and political legacies that are shaping and distorting the reform process. They are acutely aware of the difficulty of imposing Western policies in the absence of Western institutions, and their essays sound a note of skepticism about the feasibility of rebuilding these economies with a simple reliance on the market plus macroeconomic guidance. |
Contents
Sustainable Transition Hans Aage | 15 |
SelfRegulating or Regulated Market Economy? | 43 |
Transport in Russias Future Holland Hunter | 65 |
Copyright | |
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assets balance behavior billion rubles budget campaign capital cash central planning China Chinese model claims command economy consumer corporatization costs countries debt decline deficit distribution Eastern Europe economic reform Ekonomika i Zhizn enterprise directors equity European expected firms foreign funds Gorbachev Gosbank Goskomstat Gosplan Grossman groups growth household important incentives income increase industrial inflation institutions investment market economy ment mobilization modal regime Moscow noisy phase nomic OECD official operations optimal output ownership payments percent perestroika planned economies political population postcommunist privatization problem production profit property rights regions republics restructuring revenue RSFSR rubles Russian Russian central bank savings second economy sector shares shutdown social socialist Soviet Economy Soviet Union SPMC SSSR strategy structure territories tion trade transformation transition transport Ukaz Ukraine USSR vouchers workers World Bank