Successes and Failures of Economic Transition The European Experience

This graduate textbook takes a macroeconomic and institutionalist approach to the issue of transformation from communist economies into market economies. At the centre of the analysis stands the role of the state and competition within a dramatically changing environment. Particular attention is given to the emerging role of money and the financial sector. Transition is presented as a story of economic crises, recovery and fragility. Economic transition experienced successes and failures. The book is rich in empirical observations underpinning the systematic approach. Finally, interesting case studies are presented. The book fully enhances the understanding of the economics of transition for a graduate and sophisticated audience. Book jacket.

Hubert Gabrisch is Head of Division at the Institute for Economics Research, Germany. Jens Hölscher is Reader in Economics at Brighton Business School, University of Brighton.