Remaking Eastern Europe - On the Political Economy of Transition
by Josef M. Brabant
1. The new international setting -- 2. Objectives of the study -- 3. Focus of the study -- 4. Terminology -- 5. Remaking the global economic framework? -- 6. A Guide through the volume -- 1: Eastern Europe in transition -- 1. On the meanings of the CMEA -- 2. Recent developments in CMEA relations -- 3. CMEA economic relations -- 2: Reforming CMEA integration -- 1. Core difficulties of CMEA cooperation -- 2. Gingerly acceptance of the need for renewal -- 3. The critical avenues slated in 1986–1987 -- 4. Toward a unified CMEA market? -- 5. Toward radical changes? -- 3: The treadmill of reforms in eastern europe -- 1. Relevance of the legacies of central planning -- 2. The first strategy of socialist economic development -- 3. Salient features of the CPE model -- 4. Objectives of economic reforms in MPEs -- 4: On the economics of transition -- 1. Key aspirations of market orientation -- 2. The starting conditions for market-oriented reforms -- 3. Key components of market orientation -- 4. Key characteristics of the RPE -- 5. Legacies of central planning and the transition phase -- 5: The political economy of east-west assistance -- 1. The core issues at stake -- 2. The international context of assistance to PETs -- 3. Overview of western assistance to PETs -- 4. On associating PETs with integration schemes -- 5. On providing foreign assistance to PETs -- 6: The Marshall Plan and Eastern Europe -- 1. The overall environment of the Marshall Plan -- 2. Basic facts about the Marshall PLan -- 3. Critical components of the program -- 4. Paramount achievements of ERP -- 5. A Marshall Plan for Eastern Europe? -- 6. Key problems of an Eastern European Marshall Plan -- 7: Property rights and privatization -- 1. On privatization and property rights -- 2. Alternative ownership forms and their implications -- 3. On privatization in eastern europe -- 4. The desirability of privatization -- 5. Advantages and drawbacks of privatization -- 6. Difficulties of privatizing state assets -- 7. Alternative forms of privatization -- 8: East-west assistance and PETs -- 1. Macroeconomic policy framework -- 2. On the creation of a market -- 3. Macroeconomic policies -- 4. On the sequencing of reforms -- 5. Is western assistance in need of reform? -- 9: Remaking the CMEA and east-west assistance -- 1. General backdrop to Eastern European integration -- 2. The case for remaking the CMEA -- 3. Reforming the trade regime -- 4. Toward reform of the payments system -- 5. East-west economic assistance and the CEPU -- 6. Toward a new CMEA constitution -- 10: PETs and the global economic system -- 1. Remaking the CMEA and the global economy -- 2. East-west economic assistance and the DEs -- 3. PETs and the international monetary regime -- 4. PETs and the international financial regime -- 5. PETs and the international trading regime -- 6. Remaking Europe -- Conclusions.