As the opening contribution to a four-page symposium, this paper provides an overview of the economic transformation in reforming countries of eastern Europe and the former Soviet Union, describing reforms, their consequences, and lessons economists might derive from transition. The topics covered are political developments, liberalization, institutional reconstruction, reforms of systems for social protection, and the early results of transition.
How far has the transition progressed?Peter Murrell ,
2( 10 )
Journal of Economic Perspectives