Today, the shock therapist have retreated, given the havoc that many feel they wreaked in Russia,but not only in Russia (see Solzenjicin). Bagwaty (2004) reminds us on Keynes work in 1933 of the danger of haste, citing the ironically enough the example of Russia moving towards socialism..." The...

Bosnia&Herzegovina is in the process of transformation from a previously self-managed economy to a modern market economy. The process has begun immediately after the Dayton Peace Accord was signed. The transition package was based on the "rules of the game "of the Washington Consensus. We...