| The similarities
and differences between the transition experiences of the Central European
countries and the People's Republic of China are often, wrongly, taken as
alternative approaches to the same problem. In reality, there is great complexity,
not only in the environments of these two great regions - for China is as
big as a region by itself - but also within them and, therefore, great complexity
in the transition process itself.
The chapters in this volume, originally produced as papers for a joint
OECD Development Centre/CEPR/CEPII Conference in Budapest, examine and
contrast the experience of the different jurisdictions within which transition
is underway. The authors concentrate on three, broad areas of commonality
: public finance ; foreign trade regime ; and financial intermediation
and a critical chapter synthetisizes their findings at the end of each
part. Differences do, of course, emerge, but so do similarities, leading
to general policy conclusions applicable to all transition societies.
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