This study compares actual dicrections of structural adjustment in the Russian Far East since the collapse of the former Soviet Union with estimated directions of adjustment that would be predicted to follow an opening of the region to the world market.

This study compares actual dicrections of structural adjustment in the Russian Far East since the collapse of the former Soviet Union with estimated directions of adjustment that would be predicted to follow an opening of the region to the world market.

The structure of this paper is as follows: Scetion I is the an introduction. Section II provides an analysis of the initial condition of the former CPEs on the brink of transformation, and suggests why standard macroeconomic stabilisation policies may not be appropriate. section III records and...