"As the new Congress begins work, it should peruse a recently published book, The Future of Europe: Reform or Decline, by two Italian economists, Harvard's Alberto Alesina and Bocconi University's Francesco Giavazzi. They explain what went wrong in Europe in particular in France, Germany, Italy, and Spain and how Europe can continue as a major economic power." Diana Furchtgott-Roth New York Sun
"This book could have been a diatribe, but is saved from that by the intelligence of the authors' arguments and policy recommendations. A must read for those interested in the European economy." P. K. Kresl Choice
"This landmark volume offers a lucid account of the first decade of economic transition by some key actors and first-hand observers. We follow their hopes, achievements, and disappointments, and come to understand better the immense challenge of transition."--Charles Wyplosz, Professor of Economics, Graduate Institute of International Studies, Geneva
"Like all market-based economies, the transition countries are now subject to financial instability. This timely and important book uncovers the distinctive features of transition that give rise to financial crises in emerging market countries."--Charles Wyplosz, Professor of Economics, Graduate Institute of International Studies, Geneva
About the Author
Francesco Giavazzi is Professor of Economics at Bocconi University and Visiting Professor at MIT. He is the coauthor (with Alberto Giovannini) of Limiting Exchange Rate Flexibility: The European Monetary System (MIT Press, 1989).