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Economic reforms in Eastern Europe: Basic problems, options and opportunities

By Paul J. J. Welfens

Abstract

The events in August in the Soviet Union demonstrated drastically the difficulties faced by the countries of Eastern Europe in the transition to a market-based system. The following article analyzes the specific distoritions in their economies which this process involves. The author argues in favour of radical reforms at an early stage, but also emphasizes the importance of sustained and gradual reform steps in the longer term to deal with the accumulated distortions

Topics: ddc:330, Eastern Europe
Publisher: Hamburg: Verlag Weltarchiv
Year: 1991
DOI identifier: 10.1007/BF02928993
OAI identifier: oai:econstor.eu:10419/140312
Provided by: EconStor

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