This book takes a macroeconomic approach to the issue of transformation from communist economies into market economies. At the centre of the analysis stands the role of the state and the definition within a dramatically changing environment. Particular emphasis is given to the emerging role of money and the financial sector.
H. Gabrisch
China communism development Economic Development labor market Privatization statistics transformation
'...this brief volume is a solid and resourceful examination of the transition experience, well written and organised. As advertised, it could be a graduate textbook with a macroeconomic and institutionalist approach to the issues of transformation, yet it could also be used by upper-level undergraduates.' - Robert R. Ebert Comparative Economic Studies