Emerging from Communism : lessons from Russia, China, and Eastern Europe
Author(s)
Bibliographic Information
Emerging from Communism : lessons from Russia, China, and Eastern Europe
MIT Press, c1998
Available at 25 libraries
Note
Papers based on a series of meetings among members of the Centre for Economic Performance at the London School of Economics
Includes bibliographical references (p. [219]-232) and index
Description and Table of Contents
Description
Issues addressed include inflation, privatization, enterprise restructuring, banking reform and labor market policy, and the role of decentralization in China's growth.
The collapse of communism in Europe was one of the most important world events since the end of World War II. Although China has taken major steps in the direction of capitalism, in Eastern Europe, China, and Central Asia the transformation has been only partly accomplished; in Cuba and North Korea it has not even begun. In Eastern Europe and Russia, economic reforms were accompanied by huge falls in output, followed by some recovery in Eastern Europe, especially in Poland. By contrast, in China output has grown steadily at a rate never seen in Europe. If free markets and private ownership are meant to increase economic opportunity and welfare, why has their introduction been accompanied by such pain in Eastern Europe and Russia? The contributors to this book believe that future reform strategies in any country depend on understanding what has occurred in these emerging economies so far. Issues addressed include inflation, privatization, enterprise restructuring, banking reform and labor market policy, and the role of decentralization in China's growth.
Contributors
Peter Boone, Saul Estrin, Stanislaw Gomulka, Jacob Horder, Richard Jackman, Richard Layard, Sweder Van Wijnbergen, Wing Thye Woo, Chengang Xu, Juzhong Zhuang
Table of Contents
- Why so much pain? an overview, Richard Layard
- output - causes of the decline and the recovery, Stanislaw Gomulka
- inflation - causes, consequences, and cures, Peter Boone, Jakob Horder
- privatization and restructuring in central and eastern Europe, Saul Estrin
- bank restructuring and enterprise reform, Sweder van wijnberger
- unemployment and restructuring, Richard Jackman
- why China grew, Wing Thye Woo
- why China grew - the role of decentralization, Chenggang Xu, Juzhong Zhunag.
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