BOB ARNOT Department of Economics, Glasgow Caledonian University, Scotland PAWEL BOZYK Warsaw, Poland; Former Finance Minister of the Polish People's Republic HARMAN W. HOEN Faculty of Economics, University of Groningen, The Netherlands MASAAKI KUBONIWA Professor, Institute of Economic Research, Hitotsubashi University, Japan VLADIMER PAPAVA P.Gugushivili Institute of Economics, The Georgian Academy of Sciences, Tbilisi, Georgia JOSEPH L.POKET Ruislip, Middlesex, England STEVEN ROSEFIELDE Professor, Department of Economics, University of North Carolina, Chapel Hill, USA VAL SAMONIS Professor, Centre for Russian and East European Studies, University of Toronto, Canada HILLEL H. TICKTIN Institute of Russian and East European Studies, University of Glasgow, Scotland.