Economic Reform in Eastern Europe: A Report Card

Publication Date: April 1992

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): William D. Eggers

Research Area: Economics

Keywords: Europe

Type: Report

Coverage: Former communist countries

Abstract:

Although some countries are moving much faster than others, most of Central and Eastern Europe at least is moving steadily ahead with economic refcnm. In particular, most of these countries have achieved considerable success in instituting the macroeconomic measures needed to stabilize their economies: freeing prices on most tradeable goods, balancing the budget, reining in inflation, adopting real interest rates, and moving toward currency convertibility.