This paper starts from the proposition that the performance of an economy is directly and indirectly the result of the quality of its information and the decision-making systems. The paper first analyses the nature of the decision-making system and information flows in the former planned...

The structure of this paper is as follows: Scetion I is the an introduction. Section II provides an analysis of the initial condition of the former CPEs on the brink of transformation, and suggests why standard macroeconomic stabilisation policies may not be appropriate. section III records and...