First Lessons in the Transformation of Economic Systems in Eastern Europe

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Abstract (may include machine translation)

This article offers a brief survey of international literature that analyses change of the economic system in the Central European countries. The struggle between the followers of shock therapy and step by step progress is in the limelight of theoretical discussions, but, practically, differences between measures taken in the countries where systemic change is in process are not so sharp. The first experiences show that making equilibrium in economy must not be considered identical with developing a market-oriented economy.
Original languageEnglish
Pages (from-to)231-250
Number of pages20
JournalActa Oeconomica
Volume43
Issue number3-4
StatePublished - 1991

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