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From Shock to Therapy Grzegorz W. Kolodko (Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, University of Rochester)

From Shock to Therapy By Grzegorz W. Kolodko (Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, University of Rochester)

Summary

The transformation undertaken by the countries of the former communist bloc exhibits immense diversity in terms of initial conditions, shifting targets, consistency, speed, progress and economic performance. This text presents a comprehensive study of the economics and politics of post-socialism.

From Shock to Therapy Summary

From Shock to Therapy: The Political Economy of Postsocialist Transformation by Grzegorz W. Kolodko (Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, University of Rochester)

The great transformation undertaken by the countries of the former communist bloc exhibits immense diversityin terms of initial conditions, shifting target models, consistency, paths, speed, progress to date, and economic performance. This is the first comprehensive study of the economics and politics of postsocialism to be written by an author so deeplyand so successfullyinvolved in the reform process. Many people writing on the reform process offer advice that is not really credible; as a member of the Polish government, and architect of the successful Polish reform, Grzegorz Kolodko actually solved many of the difficulties of transition, which allows him to come forward here with policy proposals and long-term forecasts. The treatment of the transition from plan to market as a historical process is an important feature of the book. The author claims that there is no historical fatalitythat sound policies in the present are more determining than the favourable or unfavourable legacies of the past. The aim is to create and maintain the conditions for sustainable growth and durable development.

From Shock to Therapy Reviews

worth having in one's library * SEER, Vol.79, No.3 *
this is one of the best treatments of the transformation process thus far available * SEER, Vol.79, No.3 *
His [Kolodko] analysis of the old system and where it went wrong under the megalomaniacal dominance of Soviet leaders is a valuable contribution to our understanding of the past and present in the region * SEER, Vol.79, No.3 *
provides a highly readable and sensible critique of the so-called 'Washington consensus' on the recipe for transformation of former Soviet-type economics * SEER, Vol.79, No.3 *

About Grzegorz W. Kolodko (Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, University of Rochester)

Kolodko is a university professor (currently of Warsaw and Rochester universities), researcher, consultant to international organizations, former government minister in Poland, and author of numerous books and research papers.

Table of Contents

Introduction ; 1. Transition from socialism: where to? ; 2. Different points of departure ; 3. Systemic change and economic performance ; 4. Transitional recession: expectations, reality, interpretations ; 5. The Washington Consensus revisited ; 6. Transition policy and development strategy ; 7. Transition from plan to market ; 8. Financial reform and policy ; 9. The redistribution of the costs and benefits of transition ; 10. Marketization and democratization ; 11. From recovery to sustained growth ; 12. The internationalization of postsocialist economies ; 13. The long-term prospects ; 14. Doubts and conclusions

Additional information

NPB9780198297437
9780198297437
0198297432
From Shock to Therapy: The Political Economy of Postsocialist Transformation by Grzegorz W. Kolodko (Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, Professor of Economics and Economic Policy, Warsaw School of Economics Professor of Political Science, University of Rochester)
New
Hardback
Oxford University Press
2000-04-20
470
N/A
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