Facts and Lessons of Ten Years of Transformation in Central Europe

Morita Tsuneo

Chapter 11 in Transition from Socialist to Market Economies, 2009, pp 231-253 from Palgrave Macmillan

Abstract: Abstract The two words depict two different ways of observing movement or change. Transition suggests a movement from one state to another, whereas transformation implies a shift from one system to another. Since the contemporary events in the former socialist countries in Central Europe have been such a fundamental change in the social system, I use transformation rather than transition.

Keywords: Real Exchange Rate; Foreign Capital; Former Soviet Union; Nominal Exchange Rate; Shock Therapy (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1057/9780230244986_12

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