, financial reforms that ended decades of financial repression, and a massive privatization program. We investigate the role … played by ideas, interests and institutions. More specifically, we examine the role played by the 'reform team' investigate …

capture, and then protect, these rents leads to the creation of new distortions, even as the reform process tries to move … governments throughout the economy sought to capture these rents by developing high margin industries. Continued reform, and …, leading local governments to impose a variety of interregional barriers to trade. Thus, the reform process led to the …

feudal elite; withdrew its hand with a propitious mass privatization that rallied the private sector; marginalized an …

conditions, external factors, and reform strategies. This paper summarizes the macroeconomic performance of the transition … economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the … policies and structural reforms, particularly privatization, contributed to the growth recovery. We also conclude that the …