The Economics of Transition: From Socialist Economy to Market Economy

Substantially revised and updated, this new edition of a highly acclaimed book is both a vital guide and a valuable critical analysis. Benefiting from additional insights gained through new data and new developments, the book provides a comprehensive overview of the transition to the market economy taking place in Russia and Eastern Europe. The second edition contains expanded coverage of the enlargement of the European Union to the East and its increasing influence on the reintegration of this region into the world economy.