Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's...

This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk...

Abweichend von der herrschenden Meinung kam der Autor zu dem Ergebnis, daß eine nachhaltige Stabilisierung des russischen Geldwesens mittelfristig nicht möglich sei. Um diese These zu belegen, untersuchte der Verfasser unter Zuhilfenahme der Institutionenökonomik, welche in Markwirtschaften...

The essays contained herein span over a decade and reflect David Prychitko's thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for...

20 years after the collapse of communism in Central Eastern European countries and 30 years after the start of market-oriented reforms in China, this book provides a framework for understanding the differing emphasis and sequencing of two reforms and explores in-depth these issues in the demise...

Das Ziel der Arbeit ist eine Diskussion der Konsequenzen der Transformation auf die Wohlfahrt der zum Zeitpunkt der Systemumwandlung und in den nachfolgenden Perioden lebenden Haushalte. Darauf aufbauend erfolgt eine Analyse der Folgewirkungen von Kompensationszahlungen an die Verlierer der...

During the 1990s over two dozen countries in Europe and Asia underwent a transition from centrally planned to more market-oriented economies. In Constructing a Market Economy, Richard Pomfret reviews their diverse experiences and assesses the outcome of transition in each case. The book includes...