An Alternative Scenario for Central and East European Transformation

Examines the main problems plaguing Central and East European nations. Offers an explanation of why orthodox Western policies embodied in the“shock” approach will not be effective for resolving the region′s problems. Suggests an alternative perspective and type of economic policy for alleviating economic and social problems throughout Central and East Europe, namely that of the negotiated economy. Explains why such an economy would be more efficacious for Central and East European nations than orthodox policies have proved thus far.