Russia in the WTO: Myths and Reality [17/10/2001]
CEFIR and Club 2015

Enterprises Restructuring Under Economic Growth in Belarus [16/10/2001]
Daneyko, P., Pukovich, S.
This paper attempts to explain the nature and causes of the economic growth in the Republic of Belarus on the basis of evolving restructuring at both macroeconomic and microeconomic, or enterprise levels. In Belarus, the output growth is a strategic task imposed by authorities to the top enterprise managers. In order to complete this assignment, enterprises try to find new markets for their products, gradually penetrating the markets outside Belarus. But the latter are functioning on different grounds, which are contradictory to the norms and rules of administrative economic system. It is the influence of that external environment which forces Belarusian enterprises to initiate the process of industrial restructuring by themselves.

A Political Theory of the Origin of Property Rights: Airport Slots [15/10/2001]
Riker, W., Sened, I.

The Quest for Growth [14/10/2001]
Easterly, W.

Building Capitalism: Lessons of the Postcommunist Experience [13/10/2001]
Aslund, A.
A decade of postcommunist transformation has brought widely differing outcomes to the countries of the former Soviet bloc, ranging from fairly normal market economies to state-owned and state-controlled economies. These economic systems and their performance have directly resulted from the policies the countries pursued. No country has suffered from too radical reforms‹liberalization, stabilization, and privatization have driven growth. The main problem limiting growth in countries with gradual or no reforms is the rent seeking caused by transitional market distortions. Countries with more effective democracies have produced better market reforms, because the voices of liberal market reformers are more likely to be heard in the struggle with the rent-seeking elite, who would continue attempting to make money on the transition.

Political Economy of Political Reform: The Point of View of Jan Winiecki [12/10/2001]
Valevich, Y.
The paper discusses "Political Economy of Reform and Change", the book which was written by Jan Winiecki in the period of decline and collapse of communist economic order and the emergence of the capitalist economic order in the post-communist Eastern Europe (1984-1996). Jan Winiecki tried to answer the following questions: Why economic reforms failed in the Soviet economic system? What are the major determinants of Soviet economic system's decline? What is a proper strategy of transition to a market economy in terms of political economy?

An Aggregate Estimate of Financial Performance of an Enterprise [11/10/2001]
Ahrameyko, A., Zhelezko, B., Ksenevich, D.
The article is devoted to the process of analysis of financial conditions of an enterprise. This is done by the use of original technical apparatus; build on concrete mathematical and instrumental calculation methods of aggregate estimation of financial situation at the enterprise. The paper also makes some implications for the use of this method in such areas, as strategic management and re-engineering of business-processes at the enterprise. The final outcome is the development of a coherent and innovative method for the estimation of financial situation at any enterprise with a demonstration of its working potential in the course of a case study done by the authors.

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