Alice H. Amsden

Jacek Kochanowicz

Lance Taylor

Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.

Restructuring the Economies of Eastern Europe

The Market Meets Its Match

The subject of this book is the economic backwardness of Poland and Eastern Europe in the modern era. The studies in the first part analyse various aspects of the region's economic and social history in the period from the 16th to the 20th centuries, such as the nature of peasant economics, the character of economic evolution, and the ambiguity of social and economic relations between Poland and "the West". The second part deals with the change following the fall of state socialism. Papers in this part argue that, for understanding the present, it is necessary to take into consideration historical legacies. It is also important to look at the process of this recent change comparatively, both within Eastern Europe and comparing this region with other parts of the world. Professor Kochanowicz's contention in these essays is that the so-called transformation has had to cope not only with the effects of state socialism, but also with a much longer legacy of backwardness.

Jacek Kochanowicz

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