Table of Contents

Transition and Growth in Post-Communist Countries

Transition and Growth in Post-Communist Countries

The Ten-year Experience

Edited by Lucjan T. Orlowski

Transition and Growth in Post-Communist Countries documents the first ten years of economic transition in Central and Eastern Europe.

Preface

Edited by Lucjan T. Orlowski

Extract

The transition from central planning to a market economy in Central and Eastern Europe has been a monumental task of unprecedented magnitude in world economic history. Establishing the foundations of a pluralistic democratic society and a competitive market-based economy has been a complex amalgam of political decentralization, radical programmes of macroeconomic stability, and long-term changes in the legal and institutional framework of business. Firms and individuals have gradually gained well-deserved independence from government bureaucracies that suppressed their creativity for many decades under communism. But the new economic freedom has emerged primarily in those countries whose governments have enacted major political reforms and have successfully established foundations of a modern democratic society. The unequivocally reformed economic systems have dramatically improved the competitiveness and creativity of businesses, labour productivity and the standard of living in these countries. The tenth anniversary of the collapse of the Berlin Wall and the subsequent enactment of major programmes of economic liberalization, privatization and stabilization in Central and Eastern Europe provides a special opportunity for the key architects of these programmes to reflect on their achievements and to identify some unfinished tasks. Some of the top leaders of the economic transformation of former Soviet-dominated countries gathered on 15–16 October 1999 in Warsaw at the conference ‘Ten Years After: Transition and Growth in Post-Communist Countries’, organized by the Center for Social and Economic Research (CASE). The conference was aimed at reviewing the ten-year record of political and economic transition. This volume, with the exception of the three...