Professor Michael S. Bernstam, Hoover Institution,
Grzegorz W. Kolodko successfully led Poland in the mid-1990s
out of post-Communist depression to rapid economic growth and
towards convergence with Western market economies. In his
new book, he sets the analysis and policy agenda for the next
stage in post-Communist economies and their integration in global
economy. He views the challenge for former Communist countries
as redefining their place on earth through technological renovation.
This book sets a detailed, breathtaking and, at the same time,
practical development agenda for the next 50 years.
Gang Fan, Professor and Director of National Economic Research
Institute of China, Beijing
This is a must read by policy makers, business leaders and academic
thinkers in the transition economies and developing countries.
It shows how to catch up, from very low bases, in this terrific
but terrifying era of rapid globalization and technology revolution!
Professor D. Mario Nuti, Universita di Roma La Sapienza and
London Business School
Postsocialist transformations are an integral part of current
globalization, which in turn has deeply affected the paths and
speed of such transformations. Yet this interplay, which will
determine the course of both phenomena and their ultimate impact
on our lives, has been virtually ignored or downplayed in recent
literature. The book on this subject by Grzegorz W. Kolodko
– a major protagonist of Poland’s transformation –
fills this gap and is a profound, timely and welcome contribution
to our understanding.
Rodrigo Vergara, Center for Public Studies, Santiago de Chile
Globalization and Catching-up in Transition Economies provides
a comprehensive analysis of the interaction between globalization
and economic transformation applied to the post-socialist countries.
With its lucid description of the major challenges facing policymakers
in these economies, this book will be an invaluable source of
information and analysis for researchers and policymakers alike.
Journal of Economic Literature Dec. 2002 Vol. 40 no. 4
Brings together the issues of globalization and postcommunist
transition, analyzing the unexpectedly long and severe transitional
recession in Eastern Europe and the Soviet Union. Papers discuss
the links between globalization and transition to a market economy.
Addresses the scope, dynamics, and general causes of the deep
transitional recession of the 1990s. Describes different paths
of recession, recovery, and growth in different countries and
regions. Elaborates on policy responses to the challenge of prolonged
transitional depression and the role of institution building.
Considers the problem of market imperfections and the new role
of government. Compares the "small government" with "big government"
strategies in the quest for equitable growth in postcommunist
countries. Discusses the implications of globalization and external
shocks for recovery and growth in the postcommunist economies
and considers chances and mechanisms for catching up with highly
developed industrial economies. Presents passive scenarios of
catching-up in transition economies and recommends active policies
aiming for growth acceleration and its sustainability in the long
term. Summarizes policy conclusions. Kolodko is John C. Evans
Professor in European Studies at the University of Rochester and
Director of TIGER-Transforamtion, Integration and Globalization
Economic Research-at the Leon Kozminski Academy of Entrepreneurship
and Management, Warsaw.