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Excerpt from Pressures for Reform in the East European Economies, Vol. 1: Study Papers Submitted to the Joint Economic Committee, Congress of the United States While East Europe's situation, taken in world context, is not the worst, it is still a difficult one fraught with economic and political uncertainties. The need for continued, and even greater, austerity in many of these countries in the remainder of this century will create increasing political tensions, which - given the increasingly hard Soviet stance - is quite likely to lead to social and political unrest in one or more countries in the region. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Economic reform - the introduction of elements of the market into a planned economy - has been the central political problem for socialist states for at least three decades. This book seeks to elucidate the nature of the problem through a reconsideration of the general theoretical issues, and through a comparative analysis of the practice of economic reform in two countries - Czechoslovakia and Hungary.