Post-Communist Transition: Some Lessons (Thirty-First Wincott Lecture) - Softcover

Balcerowicz, Leszek

Softcover

ISBN 10: 0255365330 ISBN 13: 9780255365338

Publisher: Institute of Economic Affairs, 2002

Synopsis

The post-communist transition in Europe and the former Soviet Union is one of the most important transformations in modern history. Changes were exceptionally large and it was not only political and economic systems which were affected: there were changes in social structures, new territorial boundaries in some cases had to be established and new institutions had to be constructed. Moreover, market-oriented reforms were introduced under democratic regimes. Leszek Balcerowicz, President of the National Bank of Poland and former Deputy Prime Minister of Poland, one of the leading reformers in eastern Europe, discusses the varying outcomes of transitions in different countries, showing that it was policies, more than initial conditions, which produced the differences. He argues that the larger the scope of market-oriented reforms the better the performance in terms of growth, low inflation and environmental improvement. The presence of competent and determined reformers has also been a crucial factor in successful transformations.

About this title

Product Description

Discusses the varying outcomes of transitions in different countries, showing that it was policies, more than initial conditions, which produced the differences. This work argues that the larger the scope of market-oriented reforms, the better the performance in terms of growth, low inflation and environmental improvement.

Edition details

• Publisher: Institute of Economic Affairs
• Publication date: 2002
• Language: English
• ISBN 10: 0255365330
• ISBN 13: 9780255365338
• Binding: Paperback
• Number of pages: 63