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Arye L. Hillman - The Transition from socialism in Eastern Europe: domestic restructuring and foreign trade

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title The Transition From Socialism in Eastern Europe Domestic - photo 1

title:The Transition From Socialism in Eastern Europe : Domestic Restructuring and Foreign Trade World Bank Regional and Sectoral Studies
author:Hillman, Arye L.
publisher:World Bank
isbn10 | asin:082132148X
print isbn13:9780821321485
ebook isbn13:9780585236087
language:English
subjectEurope, Eastern--Economic policy--1989- , Exports--Europe, Eastern, Privatization--Europe, Eastern, Post-communism--Europe, Eastern.
publication date:1992
lcc:HC244.T6988 1992eb
ddc:338.947
subject:Europe, Eastern--Economic policy--1989- , Exports--Europe, Eastern, Privatization--Europe, Eastern, Post-communism--Europe, Eastern.
Page iii
The Transition from Socialism in Eastern Europe
Domestic Restructuring and Foreign Trade
Edited By
Arye L. Hillman
and
Branko Milanovic
The World Bank
Washington, D.C.
Page iv
1992 The International Bank for Reconstruction
and Development / The World Bank
1818 H Street, N.W., Washington, D.C. 20433
All rights reserved
Manufactured in the United States of America
First printing September 1992
The World Bank Regional and Sectoral Studies series provides an outlet for work that is relatively limited in its subject matter or geographical coverage but that contributes to the intellectual foundations of development operations and policy formulation. These studies have not necessarily been edited with the same rigor as Bank publications that carry the imprint of a university press.
The findings, interpretations, and conclusions expressed in this publication are those of the authors and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to the members of its Board of Executive Directors or the countries they represent.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, 27 Congress Street, Salem, Massachusetts 01970, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
Arye L. Hillman is William Gittes Professor of International Economics at Bar-Ilan University in Israel. Branko Milanovic is a senior economist in the Country Economics Department at the World Bank.
Cover design by Sam Ferro
Library of Congress Cataloging-in-Publication Data
The Transition from socialism in Eastern Europe: domestic
restructuring and foreign trade / edited by Arye L. Hillman and
Branko Milanovic.
p. cm.(World Bank regional and sectoral studies)
Includes bibliographical references and index
ISBN 0-8213-2148-X
1. Europe, EasternEconomic policy1989 2. ExportsEurope,
Eastern. 3. PrivatizationEurope, Eastern. 4. Post-communism
Europe, Eastern. I. Hillman, Arye L. II. Milanovic, Branko.
III. Series.
HC244.T6988 1992
338.947dc20 92-1684
CIP
Page v
CONTENTS
Introduction
Arye L. Hillman and Branko Milanovic
1
I. Domestic Restructuring
A. Economic Policies as Requisites for Systemic Change
1
Policy Effectiveness in Reforming Socialist Economies
Manuel Hinds
13
2
Privatization Options and Procedures
Branko Milanovic
41
3
Is There a Case for Employee Ownership?
Zeljko* Bogetic*
83
4
Are There Lessons from China's Economic Policies?
Kang Chen, Gary H.Jefferson, and Inderjit Singh
105
B. Experiences with Decentralized Socialist Enterprises
5
Self-Management: Theory and Yugoslav Practice
Fernando Saldanha
133
6
State Paternalism and the Yugoslav Failure
Milan Vodopivec
159
7
Enterprise Restructuring in the Transition from Hungarian Market Socialism
Arye L. Hillman
179
8
Life after the Polish "Big Bang": Episodes of Preprivatization Enterprise Behavior
Alan Gelb, Erika Jorgensen, and Inderjit Singh
197

Page vi
II. Foreign Trade
A. The Legacy of Past Interdependencies
9
The CMEA System of Trade and Payments: Initial Conditions for Institutional Change
Martin Schrenk
217
10
Creating the Reform-Resistant Dependent Economy: Socialist Comparative Advantage, Enterprise Incentives, and the CMEA
Arye L. Hillman and Adi Schnytzer
243
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