The transformation of Eastern Europe
I. The Gap between Western and Eastern Europe 3 II. The Starting Conditions 4 III. Three Major Areas of Reforms 6 IV. The Restructuring and Privatization of Firms 9 V. The J-Curve of Output and Employment 14 VI. Sequencing 16 VII. Integrating the New Market Economies into the European Economic Space 20 Appendix 25 References 26
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