Shock Therapy and Privatization
Dan Grindea, Daniel GrindeaISBN: 0880333766; 9780880333764;
Why did shock therapy fail in many central and eastern European countries? How can privatization succeed where shock therapy failed, in a shorter period of time, and with fewer human and financial sacrifices? Grindea presents a critical new view of shocktherapy and Romania's economic reforms. He analyzes the role of agriculture in the transition period and suggests both new alteratives for the creation of a secondary capital market and new modalities for expanding the social safety net. The first edition of ths book was published in Bucharest in 1994 and received the 1995 Award Book Romanian Academy of Arts and Sciences; this second edition is updated to include recent reforms and developments in Romania.