The mainstream view of the way in which best to transform the
communist economies was that there should be a rapid transition to
a free market economy and political democracy. The articles in this
book challenge this view. They do so from the standpoint of
economic and political theory, and from an evaluation of the
comparative experience of different reforming countries in Europe
and Asia. This book represents the first systematic attempt to try
to explain the dramatic contrast in outcome between reforming
countries that have pursued comprehensive system reform and those
that have pursued cautious, experimental strategies.
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