Building the 'New Europe' is at the core of the new international economic and political initiatives leading the world through the nineties and toward the twenty-first century. The first section includes essays on the general and specific topics linked to the transitions to a market economy and to a pluralist political system.

Preface - PART I FROM PLANNED TO MARKET ECONOMY - Rerum Novarum Inverted: Abuses of Socialism and Illusions of Capitalism; H.Uzawa - From 'Envy and Distrust' to 'Trust and Ambition', Eastern Europe's Problems: How to Solve it and Why it May Take Long; R.Brenner - On the Economic Reforms in Eastern Europe: A Theoretical Viewpoint; Y.Balasko - No Free Lunch, No Free Market. No 'One' East European Economy : Thoughts on the Transition to a Market Economy; M.Baldassarri - Costs of Transition That Are Not Costs: On Non-Welfare-Reducing Output Fall; J.Winiecki - Liberalizing Foreign Trade in a Socialist Economy: The Problem of Negative Value Added; R.I.McKinnon - Post-Reform East and West; Capital Accumulation and the Labor Mobility Constraint; C.Wyplosz - The Effects of the Eastern European Countries' Economic Reform on the Western Industrial Economies: a Macroeconomic Approach; A.Giustiniani, F.Papadia and D.Porciani - Debt Relief and Eastern Europe: Why Poland is a Special Case; J.W.Dean and A.Xu - The Experience of West European Public Enterprises for the Transition of Eastern European Economies; F.A.Grassini - PART II THE EXPERIENCE OF SELECTED COUNTRIES - Hungary - Transition to a Market Economy: the Experience of Hungary; B.K d r - The Development of the Social Market Economy in Hungary and the Opportunities Resulting from Future Entry into the European Community; O.Hieronymi - Poland - Inflation Stabilization in Poland: A Year After; G.W.Kolodko - Yugoslavia - The Problems of Transition from a Socialist to a Market Economy in Yugoslavia; M.Babic - Soviet Union - Planning Authority and Enterprise in the Soviet Transition: A Principal-Agent Model; C.De Vincenti; Interconnections Between World Markets and Soviet Economy; N.P.Shmelyov - The Soviet Union on the Road to Market Economy; O.T.Bogomolov - Political Change and Economic Evolution in the Soviet Union; E.Ambarzumov - Index