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- W60881321 abstract "Since the demise of socialism, policy makers in Central and Eastern Europe have been bombarded with advice from the West on how to stabilize, privatize, and liberalize their economies. Reform programs centered on these three catchwords had proved quite successful in highly distorted developing economies, such as Chile since the mid-1970s and, more recently, Mexico and Argentina. So, why shouldn’t this panacea work in countries struggling with the legacies of central planning to guarantee their smooth transition to market economies? Euphoric expectations have been frustrated by the depth and the length of the transition crisis. The ongoing debate on the nature of this crisis clearly suggests that not only did policy makers have to learn their lessons, but so did external advisers, whose cookbook remedies turned out to be insufficient." @default.
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- W60881321 date "1995-01-01" @default.
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- W60881321 title "Output Decline and Recovery in Central and Eastern Europe: The Role of Incentives" @default.
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