The Transformation of Economic Systems in Central Europe

Booknews

Reconsiders the policies applied in the Czech and Slovak Republics, Hungary, and Poland in the light of neo-classical, post-Keynesian, and Austrian approaches to transformation. Challenging the dichotomous shock-versus-gradualism dispute, the author maintains that the labels generally attached to the transformation strategies in Central Europe are inappropriate and misleading. Topics include the interdependence of external economic relations and the transformation to a market economy; transformation policies in each of the four countries; and external economic performances in terms of East-West integration. Annotation c. by Book News, Inc., Portland, Or.