Post-Communist Reform: Pain and Progress (MIT Press)

3.5 avg rating
( 2 ratings by Goodreads )
9780262519793: Post-Communist Reform: Pain and Progress (MIT Press)

In their earlier report, Reform in Eastern Europe, the WIDER group assessed the main building blocks of a successful transition in Eastern Europe: stabilization, price liberalization, privatization, and restructuring. For the last three years this group of leading economists has been heavily involved in the reform process. In this new report, they take stock, returning to the original themes and assessing progress and prospects, particularly in Russia.Stabilization in the major Central European countries was done very much by the book. Russia, in contrast, is following a path of restructuring without stabilization. The authors discuss how far this alternative strategy is likely to get. Turning to privatization, they note that initial plans started from the assumption that the state owned the assets. As slow progress of those plans has painfully shown, this was the wrong assumption. They point out that assets have in fact many de facto claimants, from managers to workers to local authorities to ministries, and discuss how the current Russian privatization program starts and builds up from this more realistic assessment.

In the face of a collapse of trade in Eastern Europe, triggered by reform in Central Europe and a similar collapse between republics following the breakup of the Soviet Union, the authors show how simple measures such as a payments union can be used to increase trade and output. Post-Communist Reform concludes with a look at restructuring in Poland. The authors focus on the behavior of the state, the growth of the private sector, the role of financial systems, and the coherence of overall government policy, ending on a note of cautious optimism.

"synopsis" may belong to another edition of this title.

About the Author:

Richard Layard is Director of the Centre for Economic Performance at the London School of Economics.

Olivier Jean Blanchard is Professor of Economics at MIT.


This compact volume provides an up to date assessment of radical economic reforms in Russia and Poland. It offers a solid, dispassionate, and constructive evaluation of future prospects. It is essential reading for all those interested in the most dramatic transformations of the late 20th century.

(Richard N. Cooper, Harvard University)

"About this title" may belong to another edition of this title.

Buy New View Book
List Price: US$ 16.00
US$ 27.24

Convert Currency

Shipping: US$ 7.91
From United Kingdom to U.S.A.

Destination, Rates & Speeds

Add to Basket

Top Search Results from the AbeBooks Marketplace


Olivier J. Blanchard
Published by MIT Press (1993)
ISBN 10: 0262519798 ISBN 13: 9780262519793
New Paperback Quantity Available: 1
Revaluation Books
(Exeter, United Kingdom)

Book Description MIT Press, 1993. Paperback. Book Condition: Brand New. 191 pages. 8.00x5.60x0.70 inches. In Stock. Bookseller Inventory # zk0262519798

More Information About This Seller | Ask Bookseller a Question

Buy New
US$ 27.24
Convert Currency

Add to Basket

Shipping: US$ 7.91
From United Kingdom to U.S.A.
Destination, Rates & Speeds