Reviews of the first edition:'...Her excellent book will certainly be placed on the reading list by teachers of very many courses, myself included...Marie Lavigne is an outstanding, highly knowledgeable representative...One of the book's main merits is it's very rich store of information. It contains much data and a great number of lucid and informative tables.' - Janos Kornai, Harvard University and Collegium Budapest'...an excellent, well-informed, well researched reference book with a broad range. It merits its place on the reading lists of courses on transition economics.' - Alfred Steinherr, European Investment Bank, Journal of Economics of Transition '...an excellent introduction to the economic history of the ex-communist countries...' - F. Barry, Le Courier des Pays de l'Est 'Given its systematic and comprehensive character, this will make an excellent textbook or primer for the novice but can also serve as a useful reference volume for anyone who wants to look up from his own more specialized focus and see the broader background and to consider the distilled judgement of a long-term observer as to how we ought to think about this historic transformation.' - Robert Campbell, Indiana University Substantially revised and updated the second edition of this highly acclaimed text is both a vital guide and a valuable critical analysis. The book provides a contemporary comparative approach to the process of transformation of the economies of Eastern Europe and Russia. Supplying a large amount of factual and statistical information it also includes consideration of recent progress in the areas of macro-economic-stabilisation, micro-economic restructuring and integration into the world economy.