Transition Economics

Gerard Turley is at the J.E. Cairnes School of Business and Economics in the National University of Ireland, Galway. Peter J. Luke was a senior lecturer in economics at London South Bank University before joining the UK Civil Service. He is currently teaching economics in Beijing, China.

• Introduction 1. Pre-Transition: The Socialist System 2. Stylised Facts of Transition: Two Decades On 3. Initial Conditions at the Outset of Transition 4. Paradigms of Transition 5. Transition Reforms and Economic Policies 6. Enterprise Reform and Restructuring 7. Performance and Transition Outcomes 8. Labour Markets in Transition 9. Economic Transition: Russia versus China 10. Lessons from Transition

'The transition from central planning to a market type economy is one of the most important and challenging "events" that have affected the world economy in recent decades. This book does an outstanding job of bringing transition to life by showing how the process has affected the economy in general, employment, living standards, and much else besides. The book is essential reading for anyone seriously wanting to understand a large and growing part of the modern world.'- Professor Paul Hare, Department of Economics, Heriot-Watt University, UK‘Transition Economics: Two Decades On is timely, well-written and comprehensive. The authors show an impressive grasp of a whole range of issues concerning the transition from socialism to market economics. A key strength of the book is the focus on countries such as China and Vietnam, which are often overlooked in analyses of transition. The book deserves a wide readership.’- Peter Sanfey, Lead Economist, European Bank for Reconstruction and Development, UK