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The transition in eastern Europe and the former Soviet Union: some strategic lessons from the experience of 25 countries over six years
The purpose of this paper is to draw strategic lessons from the experience of
the economic transition. It will be based on the experience since 1990 of the
25 countries of operations of the EBRD. The purpose is not to attempt to
answer the hypothetical question of what a ruler (with or without extensive
powers) might have done if given the opportunity to start again. It is rather
to use the cross-country experience built up over these six years to draw
lessons for policy in economic reform and to identify the key issues for the
next years.
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