Economic adjustment and reform in Eastern Europe and the Soviet Union: essays in honor of Franklyn D. Holzman

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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.

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Contents

Economic Stabilization Structural Adjustment
3
Participation in the Larger World Economy
5
Conditionality and Adjustment in Hungary and Yugo
72
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About the author (1988)

Wojciech Bienkowski is Professor of Economics at the Warsaw School of Economics and Director of the US Economy Research Center, Poland. Josef C. Brada is Professor of Economics at Arizona State University. Mariusz-Jan Radlo is Associate Professor at the Warsaw School of Economics and Vice President for Research at the Polish Lisbon Strategy Forum at Gdansk Institute for Market Economics, Poland.

Ed A. Hewitt, founding editor of Soviet Economy and formerly a senior fellow at Brookings, is now Special Assistant to the President on National Security Affairs and Senior Director of Soviet Affairs at the National Security Council.

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