ABSTRACT

This groundbreaking volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world. The opening essays contribute to the theoretical debate by showing that foreign economic liberalization goes beyond reducing import barriers to policies on investment, financial liberalization, convertability, and export promotion. Case studies compare successful and unsuccessful liberalization attempts world wide. The disintegration of the CMEA and the policy dilemmas facing Central and Eastern Europe are examined in great detail, as the authors explore the pitfalls and opportunities inherent in the transformation from a centrally planned economy. This up-to-date text will be invaluable for courses on the history and transformation of socialist economies, comparative economic systems, and international trade and investment.

part One|33 pages

Introduction and Overview

part Two|133 pages

Market-Economy Experiences

chapter 8|11 pages

Trade Liberalization in Israel

chapter 10|15 pages

Liberalization in Korea and Taiwan

part Three|64 pages

Hungary's Experiences and Policy Options

part Four|49 pages

Central and Eastern Europe and China