Readership: Economists and political scientists; academics working on Eastern Europe, the former Soviet Union, and China; financiers, bankers, and investors involved in emerging markets
Grzegorz W. Kolodko, Professor of Economics and Economic Policy, Warsaw School of Economics; Professor of Political Science, University of Rochester
"worth having in one's library" - SEER, Vol.79, No.3
"this is one of the best treatments of the transformation process thus far available" - SEER, Vol.79, No.3
"His [Kolodko] analysis of the old system and where it went wrong under the megalomaniacal dominance of Soviet leaders is a valuable contribution to our understanding of the past and present in the region" - SEER, Vol.79, No.3
"provides a highly readable and sensible critique of the so-called 'Washington consensus' on the recipe for transformation of former Soviet-type economics" - SEER, Vol.79, No.3
Introduction 1: Transition from socialism: where to? 2: Different points of departure 3: Systemic change and economic performance 4: Transitional recession: expectations, reality, interpretations 5: The Washington Consensus revisited 6: Transition policy and development strategy 7: Transition from plan to market 8: Financial reform and policy 9: The redistribution of the costs and benefits of transition 10: Marketization and democratization 11: From recovery to sustained growth 12: The internationalization of postsocialist economies 13: The long-term prospects 14: Doubts and conclusions
