Titlebook: Eastern Europe in Crisis and the Way Out; Christopher T. Saunders (Honorary Fellow) Book 1995 Wiener Institut für Internationale Wirtschaf

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Editor’s Introduction living standards accompanied by periods of violent inflation. The downturn began in 1989/90 almost simultaneously with the radical political reforms (“velvet revolutions”, for the most part) and the initiation by new or reconstructed governments of policies for economic reform aimed at shifting the

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Economic Transformation in the East: A Critical Appraisal of Its Development and Suggestions for a Prty. During the transformation process, lasting for more than three years, democratically elected parliaments and governments were installed and various policy steps — of varying intensity — were taken to move towards a market economy.

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The Transformation of East-West Trade Relationsformer Soviet Union began. The former network of trade relationships represented an accommodation between two fundamentally different economic systems, market economies on the one hand and centrally planned economies (CPEs) on the other. Given the political cleavage between East and West, their trad

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Who will Own “Nobody’S Property”? Privatisation Problems in Russiaacked a subject. But the well-being of those who managed this property in the name of the state directly depended neither on the size of the property under their authority nor on its effective use. Complete or partial property losses due to bad management did not lead to those severe consequences th

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