THE MAKING OF ECONOMIC REFORM IN EASTERN EUROPE
Conversations with Leading Reformers in Poland, Hungary and the Czech Republic. Studies of Communism in Transition
Reforms in Central-Eastern Europe and in the former Soviet Union have challenged the ability of established theories to account for such an extraordinary political, economic and social transformation. As it is too soon to analyse the outcomes of these reforms, Mario Blejer and Fabrizio Coricelli have chosen an original approach, analysing the process of transformation through the eyes of some of the main actors in the design and implementation of reforms.
The Making of Economic Reform in Eastern Europe features interviews with three of the key human actors behind the reforms: Leszek Balcerowicz, Polish Deputy Prime Minister and Minister of Finance, 1990-91, and widely recognized as the architect of Polish economic reforms, Peter Akos Bod, President of the National Bank of Hungary and formerly Minister of Industry, Hungary, and Vaclav Klaus, Prime Minister of the Czechoslovakian Republic and Czechoslovakian Minister of Finance during the initiation of the reforms.
These conversations include discussion of their personal and intellectual formation, their views of the development and design of the reform package, their initial expectations, the process of implementing the reforms and the prospects for the future. As well as providing a unique perspective on the experience of different transitional economies through an assessment of their leading policy makers, this book sheds light on the complex relationship between politics and policy making in countries undergoing the simultaneous overhaul of their political and economic systems.
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What Reviewers Are Saying
`. . . the book is a good account of the making of economic policy in one of the most dynamic and extraordinary periods of the twentieth century.' -- -Iraj Hashi, Economics of Transition `. . . a lot of biographical details interesting for "transitologists" can be found and the general spirit of optimism about future economic development is stimulating.' -- Jens Hoelscher, The Economic Journal `. . . a very useful publication written in a clear and crisp style. It should be read by everyone who is interested in the transition to a market economy in post-socialist countries.' -- Jan Adam, Journal of Comparative Economics `This book certainly merits a special place in the growing literature on the reform process in Central-Eastern Europe and the former Soviet Union. . . . Reading this book gives one the impression of being in a privileged position, sitting down and discussing the key elements of the reform process with the main designers. . . . The authors provide a general introduction and introductions to each chapter, which are very valuable. . . . With these, very will organized, interviews with three of the main designers of reforms in Central-Eastern Europe this book provides some penetrating insights in the conception and implementation of the reforms. As such it also pays attention to the "human factor" in the transformation process.' -- Ivo Maes, National Bank of Belgium, Brussels, Belgium