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Lessons from Economic Transformation and the Road Forward

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  • Stanislaw Gomulka
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    Abstract

    Primary purpose of this parer is to comment on the experiences so far by the formerly communist countries in transforming their economies with a view to propose lessons for policy-making. Although my familiarity is greatest with the Polish experience, makes use of the empirical evidence, both economic and political, from the whole area of Central and Eastern Europe and the Former Soviet Union (FSU), particularly Russia. It begins with a few general observations about the choice of reform strategy. This I follow with a discussion of the output collapse and the conduct of macroeconomic policies. The Ten Commandments of Mr Klaus provided further opportunity to comment on policies. Finally, it takes a closer look at Russia and comment briefly on developments in Poland.

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    File URL: http://www.case-research.eu/upload/publikacja_plik/3414379_017.pdf
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    Bibliographic Info

    Paper provided by CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0017.

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    Length: 13 Pages
    Date of creation: 1994
    Date of revision:
    Handle: RePEc:sec:cnstan:0017

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    Keywords: Economic transformation; Poland;

    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Stanislaw Gomulka & Paul Johnson, 1991. "The causes of recession following stabilization," Economic History Working Papers 21107, London School of Economics and Political Science, Department of Economic History.
    2. Aslund Anders, 1994. "Lessons of the First Four Years of Systemic Change in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 22-38, August.
    3. Stanislaw Gomulka, 1991. "The Causes of Recession Following Stabilization," Comparative Economic Studies, Palgrave Macmillan, vol. 33(2), pages 71-90, July.
    4. M Schaffer, 1994. "Government Financial Transfers and Enterprise Adjustments in Russia," CEP Discussion Papers dp0191, Centre for Economic Performance, LSE.
    5. Stanislaw Gomulka & Paul Johnson, 1991. "The Causes of Recession following Stabilization," CEP Discussion Papers dp0033, Centre for Economic Performance, LSE.
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