This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia …—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization …

rate of food price inflation. The growth has been very uneven across sectors with agriculture remaining very sluggish. The …

given rise to various macroeconomic issues, one such issue is the inflation in general and the food inflation in particular … with reference to food inflation. Finally the paper makes some concluding remarks …

, however, is the incompleteness of its reform process: the boom-bust nature of its growth, persistently high inflation, delays …, to reduce inflation to single digits by the end of 2002. Since then, though, Turkey has experienced two financial crises … and redesigned its stabilization program to bring inflation down more gradually. This collection analyzes the nature of …