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Lessons from Economic Transformation and the Road Forward

Author

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  • Stanislaw Gomulka

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.

Suggested Citation

  • Stanislaw Gomulka, 1994. "Lessons from Economic Transformation and the Road Forward," CASE Network Studies and Analyses 0017, CASE-Center for Social and Economic Research.
  • Handle: RePEc:sec:cnstan:0017
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    File URL: http://www.case-research.eu/upload/publikacja_plik/3414379_017.pdf
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    References listed on IDEAS

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    1. M Schaffer, 1994. "Government Financial Transfers and Enterprise Adjustments in Russia," CEP Discussion Papers dp0191, Centre for Economic Performance, LSE.
    2. Stanislaw Gomulka & Paul Johnson, 1991. "The Causes of Recession following Stabilization," CEP Discussion Papers dp0033, Centre for Economic Performance, LSE.
    3. 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.
    4. repec:taf:ceasxx:v:46:y:1994:i:1:p:89-106 is not listed on IDEAS
    5. Gomulka, Stanislaw & Johnson, Paul, 1991. "The causes of recession following stabilization," Economic History Working Papers 21107, London School of Economics and Political Science, Department of Economic History.
    6. Stanislaw Gomulka, 1991. "The Causes of Recession Following Stabilization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 33(2), pages 71-90, July.
    7. Gomulka, Stanislaw, 1992. "Polish Economic Reform, 1990-91: Principles, Policies and Outcomes," Cambridge Journal of Economics, Oxford University Press, vol. 16(3), pages 355-372, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kennedy, Robert E., 1997. "A tale of two economies: Economic restructuring in post-socialist Poland," World Development, Elsevier, vol. 25(6), pages 841-865, June.

    More about this item

    Keywords

    Economic transformation; Poland;

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