In this timely work, renowned scholars provide a provocative view of the
transition to capitalism in formerly socialist economies. The contributors
consider the experiences of Eastern Europe, Russia, and China, most arguing that
an evolutionary approach to the transition has a greater chance of succeeding
than does "shock therapy." Their evolutionary theoretical paradigm provides
constructive alternatives to the conventional thinking on transition and on
institutional change in general
Table Of Contents:
AcknowledgmentsIntroduction1Institutional Perspectives on Postcommunist
Recession in Eastern Europe32The Principles of Privatization in Eastern
Europe313Evolutionary Economic Reform and Policy Issues: A Structural VAR
Approach574Reform's Rhetoric-Realization Relationship: The Experience of
Mongolia795Financial Growth and Macroeconomic Stability in China, 1978-1992:
Implications for Russia and Eastern