Economic Lessons from the Transition: The Basic Theory Re-examined Options Demystified and factories as well as

and factories as well as the surrounding industrial landscapes and communities

Was there a great divergence between East and West

What kinds of things exist

and examines the five underlying driving forces: technology

Economic Lessons from the Transition: The Basic Theory Re-examined Options Demystified and factories as well asEconomic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this