The still chaotic states of the former Soviet Union, a growing
China, and the divergent nations of Eastern Europe are striving to
radically transform their economies. In their quest to become more
integrated with the global economy, they are making historic
changes to move toward market-based, private-enterprise systems. In
this book, Barry P. Bosworth and Gur Ofer provide a balanced
assessment of the progress of integration among the formerly
centrally planned economies. So far, the results of the reform
process range from amazing success in China to economic and
political disarray in the states of the former Soviet Union. The
authors outline the key issues that any successful reform program
must address and the sequence in which these reforms should take
place.
A volume of Brookings' Integrating National Economies Series
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