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• catalog abstract "The most obvious and controversial difference between reform strategies is in the pace of transition. Previous theories of development have focused on the slow growth of Third World countries into modern economies. Some experts have ascribed current failures in Eastern Europe to the instantaneous liberalization of economies and the forceful application of tight monetary policies. They argue for a more gradual introduction of free markets, with the retention of some state control, in order to avoid declining outputs. But this theory is contradicted by the fact that the most successful Eastern European countries, Poland and the Czech Republic, are those that initiated the most dramatic and rapid reforms. The authors of Economic Transition show how educated, relatively modern societies can make major changes in political and economic institutions almost overnight. The goods that countries produced under communism are different from those that can be efficiently produced in a free market. Some industries will collapse while others will flourish, and during this adjustment period, there are inevitable declines in output and painful layoffs. Evidence shows that a significant increase in unemployment is an unavoidable consequence of economic reform whether the government is moving rapidly or gradually. This temporary problem can be partially cushioned by a social safety net.".
• catalog contributor b7708981.
• catalog coverage "Europe, Eastern Economic conditions 1989-".
• catalog coverage "Europe, Eastern Economic policy 1989-".
• catalog coverage "Russia (Federation) Economic conditions 1991-".
• catalog coverage "Russia (Federation) Economic policy 1991-".
• catalog created "c1995.".
• catalog date "1995".
• catalog date "c1995.".
• catalog dateCopyrighted "c1995.".
• catalog description "Economic reform: appropriate steps and actual policies / Edward P. Lazear -- Macroeconomics in Russia / John H. Cochrane and Barry W. Ickes -- Democracy and economic reform: tensions, compatibilities, and strategies for reconciliation / Larry Diamond -- Privatization in the former Soviet empire / Thomas Gale Moore -- Revenue assignment and intergovernmental fiscal relations in Russia / Charles E. McLure -- Credibility, commitment, and Soviet economic reform / Peter J. Boettke -- Gradual versus rapid liberalization in socialist foreign trade / Ronald I. McKinnon -- Contract enforcement institutions: historical perspective and current status in Russia / Avner Greif and Eugene Kandel -- Publicly provided private goods and services in a transition economy / Edward P. Lazear and Sherwin Rosen -- The Red mafia: a legacy of communism / Annelise Anderson -- Defense conversion and economic reform in Russia / Susan Gates -- Employment and unemployment after communism / Simon Johnson -- China's nonconformist reforms / John McMillan.".
• catalog description "Includes bibliographical references and index.".
• catalog description "The most obvious and controversial difference between reform strategies is in the pace of transition. Previous theories of development have focused on the slow growth of Third World countries into modern economies. Some experts have ascribed current failures in Eastern Europe to the instantaneous liberalization of economies and the forceful application of tight monetary policies. They argue for a more gradual introduction of free markets, with the retention of some state control, in order to avoid declining outputs. But this theory is contradicted by the fact that the most successful Eastern European countries, Poland and the Czech Republic, are those that initiated the most dramatic and rapid reforms. The authors of Economic Transition show how educated, relatively modern societies can make major changes in political and economic institutions almost overnight. The goods that countries produced under communism are different from those that can be efficiently produced in a free market. Some industries will collapse while others will flourish, and during this adjustment period, there are inevitable declines in output and painful layoffs. Evidence shows that a significant increase in unemployment is an unavoidable consequence of economic reform whether the government is moving rapidly or gradually. This temporary problem can be partially cushioned by a social safety net.".
• catalog extent "447 p. :".
• catalog hasFormat "Economic transition in Eastern Europe and Russia.".
• catalog identifier "0817993312 (alk. paper)".
• catalog identifier "0817993320 (pbk.)".
• catalog isFormatOf "Economic transition in Eastern Europe and Russia.".
• catalog issued "1995".
• catalog issued "c1995.".
• catalog language "eng".
• catalog publisher "Stanford, Calif. : Hoover Institution Press,".
• catalog relation "Economic transition in Eastern Europe and Russia.".
• catalog spatial "Europe, Eastern Economic conditions 1989-".
• catalog spatial "Europe, Eastern Economic policy 1989-".
• catalog spatial "Europe, Eastern.".
• catalog spatial "Russia (Federation) Economic conditions 1991-".
• catalog spatial "Russia (Federation) Economic policy 1991-".
• catalog spatial "Russia (Federation)".
• catalog subject "338.947 20".
• catalog subject "HC244 .E24474 1995".
• catalog subject "Post-communism Economic aspects Europe, Eastern.".
• catalog subject "Post-communism Economic aspects Russia (Federation)".
• catalog tableOfContents "Economic reform: appropriate steps and actual policies / Edward P. Lazear -- Macroeconomics in Russia / John H. Cochrane and Barry W. Ickes -- Democracy and economic reform: tensions, compatibilities, and strategies for reconciliation / Larry Diamond -- Privatization in the former Soviet empire / Thomas Gale Moore -- Revenue assignment and intergovernmental fiscal relations in Russia / Charles E. McLure -- Credibility, commitment, and Soviet economic reform / Peter J. Boettke -- Gradual versus rapid liberalization in socialist foreign trade / Ronald I. McKinnon -- Contract enforcement institutions: historical perspective and current status in Russia / Avner Greif and Eugene Kandel -- Publicly provided private goods and services in a transition economy / Edward P. Lazear and Sherwin Rosen -- The Red mafia: a legacy of communism / Annelise Anderson -- Defense conversion and economic reform in Russia / Susan Gates -- Employment and unemployment after communism / Simon Johnson -- China's nonconformist reforms / John McMillan.".
• catalog title "Economic transition in Eastern Europe and Russia : realities of reform / edited by Edward P. Lazear.".
• catalog type "text".