"In East and Central Europe, the euphoria of 1989 has given way to more sober reflections on the economic future of the region."--BOOK JACKET. "In Economic Transformations in East and Central Europe the authors argue that the area's economic history over the last century or so uncovers the legacies that will shape its economic future. From this historical perspective they show that the current watershed is only the most recent in a series of dramatic turning points in the region's long-term economic development. They go on to discuss how this heritage can be used positively for building market economies and integrating the region into the world economy. The volume contains fifteen chapters including comparative analyses of seven individual countries. The book is an invaluable guide to understanding the current and future problems of this volatile region."--BOOK JACKET.