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Central planning might be disappearing from large parts of what was the socialist world but viable economic systems are yet to emerge to take its place. Integrating these countries within the international economic system and developing market economies within them are likely to remain amongst the most pressing of economic problems for the forseeable future. The Socialist Economies and the Transition to the Market is unique in providing a detailed account of each of the individual socialist countries as well as an analysis of the various routes they might take to the market. Whilst some problems are common to all command economies, others are confined to particular countries. Consequently this unique work of reference includes chapters which outline the main features of Soviet-type economies, foreign trade and its reform, and the various schemes which have been put forward for the transformation of these economies. But it also includes chapters on individual countries, ranging from Cuba and Albania to the Soviet Union and China.
These chapters provide an overview of the political and historical background of the individual countries as well as all the economic detail necessary to understand their current dilemmas.