The Basic Facts

Olivier Blanchard

in The Economics of Post-Communist Transition

Published in print July 1998 | ISBN: 9780198293996
Published online November 2003 | e-ISBN: 9780191595998 | DOI:

Series: Clarendon Lectures in Economics

 The Basic Facts

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Chapter 1 sets the stage by reviewing the evidence on output, employment, productivity, unemployment, and investment for five Central European countries – the Czech Republic, the Slovak Republic, Poland, Hungary, and Bulgaria. I focus on these countries simply because I know them better. But, while the primary focus of this book is indeed on Central Europe, I shall, as I go along, try to explain differences between Central and Eastern Europe and – more tentatively, because I know so little – between Central Europe and China.

Keywords: Central Europe; central planning; China; distortion; employment; investment; market economy; output; productivity; transition

Chapter.  5456 words.  Illustrated.

Subjects: Economic Systems

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