The events in August in the Soviet Union demonstrated drastically the difficulties faced by the countries of Eastern Europe in the transition to a market-based system. The following article analyzes the specific distoritions in their economies which this process involves. The author argues in...

There is a widespread consensus that trade policy reforms in the successor states of the former Soviet Union in general and in Russia in particular are subject to major obstacles which are larger than in Central and Eastern European transformation countries. The following paper discusses some...