Description: I. THE RISE AND DECLINE OF COMMUNISM: AN OVERVIEW 1. From Pre-war Russia to the Fall of Communism: An Overview. 2. The Institutional Design of Socialist Economies. 3. The Obsession with Growth. II. TRANSITION AND RECONSTRUCTION. 4. Scope and Timing of Reform. 5. Price Liberalization. 6. External Liberalization. 7. Macroeconomic Stabilization. 8. Privatization. 9. Financial Sector Reforms. III. REFORMS IN CENTRAL EUROPE. 10. German Unification: An Extreme Example of a Big Bang Reform. 11. Beyond Stabilization: The Economic Transformation of Czechoslovakia, Hungary and Poland. 12. Yugoslavia: Is Economics Pleading Against Disintegration? IV. THE FORMER SOVIET UNION. 13. The Disintegration of the Soviet Union. 14. Russia 1992-93: Pas de Deux Between Destabilization and Reform. V. THE NEW EUROPE FROM THE ATLANTIC TO THE URALS. 15. The Cost of Reconstructing the East. 16. The New Europe: Trade Arrangements and Expansion of the European Union.

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