TITLE

Russia and Poland: The Anatomy of Transition

AUTHOR(S)
Maital, Shlomo; Milner, Ben-Zion
PUB. DATE
September 1993
SOURCE
Challenge (05775132);Sep/Oct93, Vol. 36 Issue 5, p40
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article discusses the transition of Russia and Poland from command- to market-base economic system. Twice in this century, Russia has embarked on incredible journeys into the unknown. The first, Marxist-Leninist socialism, dragged half the world's population into a command system of economic planning that sought to change labor from a shameful and heavy burden into a matter of honor, matter of valor and heroism. The second journey is underway now. Along with Russia, nearly half the world is struggling back from socialist planning toward market-based economies. The course of history in the next century will depend crucially on whether the transition succeeds. Russia and Poland are like huge engineering laboratories, where materials are subjected to high temperature, pressure and stress except that the materials are not plastic or steel but human beings. Poland's experience suggests that creating the institutions and understanding that there are preconditions for market-based economies takes up to a decade. And, while the entire country learns about markets in the tough school of personal experience, living standards plummet. The lesson for Russia is that there are no short cuts to economic reform.
ACCESSION #
9401271773

 

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