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"We are indebted to David Granick for his thoughtful, careful, empirically documented study of the Chinese state industrial enterprise that not only provides a rarely attained comparative analysis but also possesses an explanatory power in suggesting how this system might evolve in the future."—Jeanne L. Wilson, Business Horizons

Economic reform, structural adjustment, macroeconomic stabilization, and participation in the world economy are interconnected aspects of the same issue: the long-term economic viability of centrally planned economies in the rapidly changing economic environment of the modern world. Any economic strategy that focuses on only one or two of these aspects at the expense of the others is likely to fail; yet even strategies that build on all of these bases may well fail unless political leaders can muster exceptional skill, garner international support, and enjoy some good luck.

The contributions to this volume reflect the recent research on this issue by various specialists on the economies of the Soviet Union and Eastern Europe. Each author emphasizes macroeconomic stabilization, structural adjustment, participation in the larger world economy, or ecomonic reform.

In this volume, distinguished Chinese and Western scholars provide a detailed examination of the problems associated with China's transition to a market-oriented system. A variety of reform proposals, aimed at resolving the contradictions inherent in piecemeal reform, are discussed along with the chances for future liberalization.

These clearly written and insightful essays address the roots of China's crisis. The authors focus on institutional changes necessary for a spontaneous market order and point to the close relation between economic reform and political-constitutional reform. Topics include the speed and degree of the transition, whether ownership reform must precede price reform, how inflation can be avoided, steps to depoliticize economic life, how to create an environment conducive to foreign trade and investment, and how to institute basic constitutional change and open China to the outside world.

The revolutionary changes now shaking the foundations of socialism and central planning in the Soviet Union and Eastern and Central Europe are sure to have an impact on China's future. Despite their seriousness, the events of Tiananmen Square may constitute only a temporary detour on the road toward a private market order. The essays in this volume help lay a rational framework for understanding China's present problems and for discussing the prospects for future reform.

Yugoslavia's twentieth-century bore witness to civil war, sharp ideological struggles and a series of 'partisan ruptures'; revolutionary events that changed the face of Yugoslavian society, politics and culture, which were felt on a global level. This book is a comprehensive historical and political analysis of the three major ruptures; the People's Liberation Struggle during World War Two, the self-management model and the Non-Aligned Movement. In order to understand what provoked and what came out of these revolutionary ruptures, Gal Kirn examines the implications of communism and socialism's productive relationship, the Yugoslavian 'experiment' of market socialism that marked the political and economic shift towards 'post-socialism' already in the 1960s, which crystallised new class coalitions that will later on - together with austerity politics - lead the way towards des-integration of Yugoslavia. Filling a much-needed gap in English language literature, this book's interrogation of the Yugoslav socialist experiment offers insights for left projects and democratic socialist discussions today, as well as historians of Yugoslavia and revolutionary movements.