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This collection draws together the most significant writings on the economics of transition. Although there are a wide range of examples from different countries and industries, the focus is on analysis of the key issues. These include:* macroeconomics and stabilization* liberalization and the establishment of markets* property rights and the legal framework* reform of banking and finance, agriculture, and the trading system* the functioning of labour marketsThis collection draws on material from an enormous range of sources. It includes articles by Barry Eichengreen, Oliver Blanchard, Stanley Fischer and Janos Kornai.