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Lessons from Economic Transformation and the Road Forward

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  • Stanislaw Gomulka

Abstract

Primary purpose of this parer is to comment on the experiences so far by the formerly communist countries in transforming their economies with a view to propose lessons for policy-making. Although my familiarity is greatest with the Polish experience, makes use of the empirical evidence, both economic and political, from the whole area of Central and Eastern Europe and the Former Soviet Union (FSU), particularly Russia. It begins with a few general observations about the choice of reform strategy. This I follow with a discussion of the output collapse and the conduct of macroeconomic policies. The Ten Commandments of Mr Klaus provided further opportunity to comment on policies. Finally, it takes a closer look at Russia and comment briefly on developments in Poland.

Suggested Citation

  • Stanislaw Gomulka, 1994. "Lessons from Economic Transformation and the Road Forward," CASE Network Studies and Analyses 0017, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:cnstan:0017
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    References listed on IDEAS

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    1. Aslund Anders, 1994. "Lessons of the First Four Years of Systemic Change in Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 22-38, August.
    2. Gomulka, Stanislaw & Johnson, Paul, 1991. "The causes of recession following stabilization," Economic History Working Papers 21107, London School of Economics and Political Science, Department of Economic History.
    3. Stanislaw Gomulka, 1991. "The Causes of Recession Following Stabilization," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 33(2), pages 71-90, July.
    4. Rostowski, J., 1993. "The inter-enterprise debt explosion in the former Soviet Union: causes, consequences, cures," LSE Research Online Documents on Economics 20968, London School of Economics and Political Science, LSE Library.
    5. Gomulka, Stanislaw, 1992. "Polish Economic Reform, 1990-91: Principles, Policies and Outcomes," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 16(3), pages 355-372, September.
    6. J Rostowski, 1993. "The Inter-Enterprise Debt Explosion in the Former Soviet Union: Causes, Consequences, Cures," CEP Discussion Papers dp0142, Centre for Economic Performance, LSE.
    7. M Schaffer, 1994. "Government Financial Transfers and Enterprise Adjustments in Russia," CEP Discussion Papers dp0191, Centre for Economic Performance, LSE.
    8. Stanislaw Gomulka & Paul Johnson, 1991. "The Causes of Recession following Stabilization," CEP Discussion Papers dp0033, Centre for Economic Performance, LSE.
    9. Stanislaw Gomulka, 1994. "Economic and political constraints during transition," Europe-Asia Studies, Taylor & Francis Journals, vol. 46(1), pages 89-106.
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    Cited by:

    1. Kennedy, Robert E., 1997. "A tale of two economies: Economic restructuring in post-socialist Poland," World Development, Elsevier, vol. 25(6), pages 841-865, June.

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    Keywords

    Economic transformation; Poland;

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