During the last twenty-five years there has been a widespread move toward more market-oriented policies and institutions across the developing and former socialist (or current transition) countries, usually in the context of more politically open societies. The most remarkable fact of this movement is that while policies have often been quite similar, results have been very different. This book attempts to lay groundwork for a political economy analysis of understanding what governments did differently - and why they did so - that led to such a wide variety of outcomes.

SAUGATA BHATTACHARYA Infrastructure development Finance Company, India IVO BICANIC Macroeconomist, Zagreb University, Croatia LASLO BRUSZT Associate Professor of Political Science, Central European University, Hungary JAN FIDRMUC Center for European Integration Studies (ZEI), Germany VLADIMIR GLIGOROV Economist, Vienna Institute for International Economic Studies (WIIW), Austria LIPING HE Economist, Beijing Normal University, China IVAN KRASTEV Political Scientist, Sofia University, Bulgaria LEONG H. LIEW Economist, Griffith University, Australia NORMAN V. LOAYZA World Bank, USA ABDUL G. NOURY ECARES, Université Libre de Bruxelles, Belgium URJIT R. PATEL Infrastructure Development Finance Company, India ANDRES RIUS IDRC, Uruguay RAIMMUNDO SOTO Universidad Cátolica, Chile NICHOLAS VAN DE WALLE Cornell University, USA