Undue emphasis on short-term macroeconomic goals in transition countries impedes structural change, often resulting in a deterioration of achieved macroeconomic outcomes. Repeated attempts at stabilization are then required and structural reforms become more urgent, and more costly. Many of...

The paper summarizes recent health-care reform in Slovakia and the reform's general rationale, provides a brief theoretical background, and describes the reform measures both adopted and proposed. The authors assess the early experience and the impact of the undertaken reform. The main feature...

The author examines theoretical issues of the relationship between investor (owner) and manager, and cites empirical literature that supports the importance of corporate governance to transition countries. In summary, owners need managers for specific human capital and managers need owners for...