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The Economics of Post-Communist Transition

By: Blanchard, Olivier J.
Material type: materialTypeLabelBookPublisher: Oxford, Oxford University Press, 1998Description: 149 pages.ISBN: 0-19-829399-2.Subject(s): economic development | economic system | economic reform | post-communist countries | transition | Eastern Europe | Central EuropeSummary: Transition in Central and Eastern Europe has led to a U‐shaped response of output, that is, a sharp decline in output followed by recovery. Six years after the beginning of transition, most of the countries of Central Europe now seem firmly on the upside. Most of the countries of Eastern Europe are still close to the bottom of the U; an optimistic view is that they are now negotiating the turn.
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Monography Library
F6 01 (Browse shelf) Available 871

Transition in Central and Eastern Europe has led to a U‐shaped response of output, that is, a sharp decline in output followed by recovery. Six years after the beginning of transition, most of the countries of Central Europe now seem firmly on the upside. Most of the countries of Eastern Europe are still close to the bottom of the U; an optimistic view is that they are now negotiating the turn.

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