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.

This book, first published in 1998, analyzes democratization and economic change in the postsocialist societies of East Central Europe.

As the European Union (EU) launches its common currency (the Euro), Central European (CE) nations are searching for best practices in public liability management in order to smooth their integration into the EU. This work addresses that concern, examining borrowing policies, institution building, portfolio optimization, and the implications of the Euro and EU accession for public debt management. To help the CE countries achieve their goals, the World Bank and the European Commission held a two-day seminar in Brussels in mid-December 1997. European Union Accession presents the papers delivered at that seminar which was attended by all ten EU applicant countries: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, the Slovak Republic, and Slovenia. The workshop pursued the following goals: (1) to investigate the implications of the launch of the Euro and of the EU accession on fiscal prudence and on the borrowing strategies of CE countries; (2) to facilitate the dissemination of the best public liabilities management techniques developed worldwide; and (3) to explore plausible arrangements to promote prudent public liabilities management in Central Europe through a regional expertise network.

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.

Now expanded to cover the consequences of Russia's 1998 financial collapse, this book focuses on the social consequences of a modern-day great depression. The text examines the unequal distribution of the costs and benefits of Russia's leap into capitalism. The topics covered include: the emergence of the "new poor"; the recruitment of a business elite; the changing social and economic status of women; and the impact of marketization on employment. The study draws on a range of statistics and survey research data to present a portrait of the lives and circumstances of comtemporary Russians.

In the last decade, market-centered economic reforms have been implemented in a wide range of developing and transitional countries under the auspices of the international financial institutions. Whether or not they deliver the promised prosperity, they appear to be associated with widening economic inequality as well as disadvantage for particular social groups, among them women and workers. Recharacterizing Restructuring argues that such effects are neither temporary nor accidental. Instead, efforts to promote growth through greater efficiency inevitably engage distributive concerns. Change in the status of different groups is connected to the process of legal and institutional reform. Part I analyzes the place of law and institutional reform in current economic restructuring policies. Through post-realist legal analysis and institutional economics, it discusses the role of background legal rules in the allocation of resources and power among different groups. Part II traces how disadvantage might result for women in the course of economic reform, through an analysis of the World Bank's proposals for states in transition from plan to market economies. It considers such foundational issues as the place of unpaid work in economic activity, as well as the gendered nature of proposals to re-organize productive activity and the role of the state.

Peter Gowan argues that, since the collapse of the USSR, the US government has been trying to bring about a unipolar world in which the United States can control and shape the pattern of economic and political change in all regions of the globe.