Monetary restraint in Poland does not operate in the expected manner under the conditions of predominant state ownership of both banks and industrial enterprises. With effective owners' control being prohibitively costly in the state-owned firms, "nobody's" banks continue their old lending...

Poland and Hungary, the most persistent tinkerers with the Soviet economic system, became also the first communist countries to have allowed debates on the need to rearrange the structure of property rights in the economy as a way to improve its performance. Elsewhere, until the end of the...

Regardless of one's stand on the privatisation issue, there is certainly one point on which all protagonists and antagonists of privatisation agree. This is the political importance of the issue in question. Privatisation part of the transition to the market system is a major political, nor only...

This article looks at the prospects of two emerging economic powers, Russia and China, to become major players in the world economy. The main economic thesis formulated by the author is that economies not only grow, but also undergo structural change. And to successfully accomplish second...

The article offers an approach to the westward reorientation of foreign trade by the post-communist economies of East-Central Europe at the micro--i.e. enterprise--level. Having presented the dynamics of reorientation and its theoretical/historical underpinnings, the writer then goes on to...

The article offers an approach to the westward reorientation of foreign trade by the post-communist economies of East-Central Europe at the micro--i.e. enterprise--level. Having presented the dynamics of reorientation and its theoretical/historical underpinnings, the writer then goes on to...

Although the extraordinary popularity of privatization in Eastern Europe evokes familiar images in the Western economies, in a number of respects the process in our region will be less similar to the "classic" Western model than to the experience of some underdeveloped countries. East European...