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The Economics of Post-Communist Transition$
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Olivier Blanchard

Print publication date: 1998

Print ISBN-13: 9780198293996

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198293992.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 17 November 2019

The Basic Facts

The Basic Facts

(p.1) 1 The Basic Facts
The Economics of Post-Communist Transition

Olivier Blanchard (Contributor Webpage)

Oxford University Press

Chapter 1 sets the stage by reviewing the evidence on output, employment, productivity, unemployment, and investment for five Central European countries – the Czech Republic, the Slovak Republic, Poland, Hungary, and Bulgaria. I focus on these countries simply because I know them better. But, while the primary focus of this book is indeed on Central Europe, I shall, as I go along, try to explain differences between Central and Eastern Europe and – more tentatively, because I know so little – between Central Europe and China.

Keywords:   Central Europe, central planning, China, distortion, employment, investment, market economy, output, productivity, transition

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