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In: Sprawy międzynarodowe, Volume 43, Issue 9, p. 43-58
ISSN: 0038-853X
World Affairs Online
The Macroeconomics of Transition offers a rational assessment of the successes and failures of the economic theories behind the transition to market economies in Eastern Europe. The book focuses on the more economically advanced countries of Czechoslovakia, Hungary, Poland and the former Yugoslavia. The authors present a systematic account of macroeconomic developments and institutional changes in each country up to the summer of 1991 and the collapse of Yugoslavia. They assess progress and deal with the determinants of output, macro policies, wage, price and employment issues and the external