From Library Journal
Harvard professor Sachs, the noted author of several books on international trade and an economic adviser to over a dozen countries, including Poland, is a major commentator on the awesome task of economic reform in Eastern Europe. In this latest work, he advocates a "big bang" approach to economic reform in Poland and other Eastern European countries. This type of reform (also called "shock therapy") favors the quick conversion of socialist economies to capitalism (featuring the elimination of price controls and the overhaul of monetary policy, among other things), rather than the slow, methodical approach championed by some other economists. Sachs's work is well researched, convincing, and quite fascinating; the method he advocates is already proving effective in Poland. Highly recommended.- Kris Swank, American Graduate Sch. of International Management Lib., Glendale, Ariz.
Copyright 1993 Reed Business Information, Inc.
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"A spirited and persuasive defense of Poland"s main approach to economic restructuring." Foreign Affairs
"This important monograph will surely become required reading in courses dealing with the economics of transition." George Blazyca , Times Higher Education Supplement