About this book
The transition to a market economy is going on in Eastern Europe and in the former Soviet Union. Stabilizing the economic situation and conducting systemic transformation has proved more difficult and is lasting longer than expected. The legacies from the past explain these difficulties, along with some external shocks, and with political and economic domestic factors. No ready-made recipes or structural adjustment programmes are available. The Western developed world is clearly feeling the impact of this unprecedented process.
Eastern Europe economic system economics economy macroeconomics privatization rating socialism socialist economic system Structural Reforms systemic transformation transformation transition