Market-oriented Systemic Transformations in Eastern Europe

The book delves into the collapse of socialist economies in Eastern Europe and their shift towards market-oriented reforms, examining the root causes and challenges of this systemic transformation. It highlights the complexities of negative income and wealth effects, alongside distribution issues that hinder adjustment. Key themes include the significance of privatization and foreign investment for economic growth, as well as the politico-economic dynamics shaping new European developments and North-South relations, presenting tough choices for policymakers and business leaders.