Economics of Transition : A New Methodology for Transforming a Socialist Economy to a Market-led Economy (Paperback)

1. Need for a New Approach in Transforming the Socialist Economies. 2. The Proposed Methodology. 3. Benefits of a Systematic Methodology for Immediate Transformation of Socialist Economies into Free Market Systems. 4. Conclusion. 5. Points of Clarification. 6. Some Further Thoughts, Remarks and Observations. 7. Other Forecasting and Analysis Methods Developed for Countries in Transition. 8. High Inflation Problem. 9. Dollarization. 10. Demise of CMEA and Collapse of CMEA Trade and Inter-Republican Trade of the Former Soviet Union. 11. Hardening the Soft Budget Constraint. 12. The Enterprise Reform. 13. Privatization. 14. The Polish Reform Experience. 15. The Hungarian Reform Experience. 16. The East German Experience. 17. Recent Developments in the Other Reforming Socialist Countries. 18. Chinese Reform Experience. 19. The Experience of the Former Soviet Union. 20. The Theoretical Foundations of Reform Programs. 21. Phillips Curve Trade-Off. 22. A Review of Country Experiences.