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The Economics of Transformation

Theory and Practice in the New Market Economies

  • Book
  • © 1994

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Editors:
  1. Alfred Schipke

    1. Department of Economics, Harvard University, Cambridge, USA
      International Monetary Fund, USA

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  2. Alan M. Taylor

    1. Harvard Academy for International and Area Studies, Harvard University, Cambridge, USA
      Department of Economics, Northwestern University, Evanston, USA

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    You can also search for this editor in PubMed   Google Scholar

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xix
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  2. The Political Economy of Transformation

    1. The Economics of Disintegration in the Former Soviet Union

      • Holger C. Wolf
      Pages 1-15

    2. The Transition to a Market Economy: Are there Useful Lessons from History?

      • Joachim Ahrens
      Pages 17-46

  3. Price Liberalization

    1. A Model of Price Liberalization in Russia

      • Jonathan J. Morduch, Alan M. Taylor
      Pages 47-75

    2. The Initial Welfare Consequences of Price Liberalization and Stabilization in Poland

      • Bryan W. Roberts
      Pages 77-112

  4. Privatization

    1. The Sale of Shares to Foreign Companies

      • Francesca Cornelli
      Pages 113-128

    2. Foreign Direct Investment and Privatization

      • Paul J. J. Welfens
      Pages 129-169

    3. The Political Economy of Privatization

      • Alfred Schipke
      Pages 171-189

  5. Trade and Financial Markets

    1. European Integration: Lessons from the South and Prospects for the East

      • Oliver Fratzscher
      Pages 191-232

    2. Reforming the Financial System

      • Timothy D. Lane
      Pages 233-252

  6. Social Implications of Transformation

    1. Human Development and Women’s Lives in a Restructured Eastern Bloc: Lessons from the Developing World

      • Stephan Klasen
      Pages 253-294

  7. Industry Studies

    1. Foreign Direct Investment in Eastern Europe: The Case of Telecommunication

      • Sophia Eltrop
      Pages 295-316

    2. The Breakdown of the Soviet Oil Empire and its International Ramifications

      • Eugene M. Khartukov, Dmitry A. Surovtsev
      Pages 317-332
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Keywords

About this book

Janos Kornai The collapse of the socialist system in eastern Europe and the Soviet Union is one of the major events of this century, perhaps the most important of all. The transformation now taking place is without any precedent in history. The original development of capitalism was a process that lasted for centuries. The almost total liquidation of capitalism in the countries ruled by communist parties took place-in historical terms-in a very short period of time, but it was carried out by force and repressive methods. The transformation which has now begun is diverting these countries back onto the path of capitalist development and the hope is that the process will take place much faster than the original emergence of capitalism. And another hope can be expressed: that the governments of these countries will not resort during the process to the arsenal of political violence and repression in order to speed it up. Although the post -socialist transformation is a historically unique phenomenon, some components and features of it show a similarity with other processes or events that took place under other circumstances. Other empires before the Soviet empire collapsed. The political structures of other countries took the path from dictatorship to democracy. Under other conditions, state assets have been privatized, inflation has been curbed, foreign capital has flowed in, new oligopolies have formed, and so on. The uniqueness lies in the new, specific configuration of these component processes and may other phenomena.

Editors and Affiliations

  • Department of Economics, Harvard University, Cambridge, USA

    Alfred Schipke

  • International Monetary Fund, USA

    Alfred Schipke

  • Harvard Academy for International and Area Studies, Harvard University, Cambridge, USA

    Alan M. Taylor

  • Department of Economics, Northwestern University, Evanston, USA

    Alan M. Taylor

Bibliographic Information

  • Book Title: The Economics of Transformation

  • Book Subtitle: Theory and Practice in the New Market Economies

  • Editors: Alfred Schipke, Alan M. Taylor

  • DOI: https://doi.org/10.1007/978-3-642-78615-0

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin · Heidelberg 1994

  • Softcover ISBN: 978-3-642-78617-4Published: 13 December 2011

  • eBook ISBN: 978-3-642-78615-0Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVII, 332

  • Topics: International Economics

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