Jeffrey Sachs, who has served as an economic advisor to several countries in Latin America, Eastern Europe, and Asia, is one of the architects of Poland's strategy for rapid transformation from communism to capitalism. This book documents Sach's work and thoughts on the problems of economic stabilization and transformation in Poland and the rest of Eastern Europe. Sachs begins by noting that Poland's basic goal is to "return to Europe" - to emulate the political and economic institutions of Western Europe and become loosely integrated with the Western European economies. Sachs stresses that to achieve that goal, Poland needs to adopt a comprehensive and coordinated strategy of liberalization, macroeconomic stabilization, and privatization. Focusing on the progress of Poland's "big bang" reforms, which started in 1990, Sachs discusses the results regarding inflation, shortages, currency reform, and the development of the private sector. He points out risks in the Polish transformation and highlights the areas in which Western assistance is most vitally needed.
- ISBN10 0262193124
- ISBN13 9780262193122
- Publish Date 28 September 1993
- Publish Status Out of Print
- Out of Print 8 October 2008
- Publish Country US
- Publisher MIT Press Ltd
- Imprint MIT Press
- Format Hardcover
- Pages 144
- Language English