Professor Michael S. Bernstam, Hoover Institution, Stanford University

Grzegorz W. Kolodko successfully led Poland in the mid-1990s out of post-Communist depression to rapid economic growth and towards convergence with Western market economies.  In his new book, he sets the analysis and policy agenda for the next stage in post-Communist economies and their integration in global economy. He views the challenge for former Communist countries as redefining their place on earth through technological renovation. This book sets a detailed, breathtaking and, at the same time, practical development agenda for the next 50 years.


Gang Fan, Professor and Director of National Economic Research Institute of China, Beijing

This is a must read by policy makers, business leaders and academic thinkers in the transition economies and developing countries. It shows how to catch up, from very low bases, in this terrific but terrifying era of rapid globalization and technology revolution!                  


Professor D. Mario Nuti, Universita di Roma La Sapienza and London Business School

Postsocialist transformations are an integral part of current globalization, which in turn has deeply affected the paths and speed of such transformations. Yet this interplay, which will determine the course of both phenomena and their ultimate impact on our lives, has been virtually ignored or downplayed in recent literature.  The book on this subject by Grzegorz W. Kolodko – a major protagonist of Poland’s transformation – fills this gap and is a profound, timely and welcome contribution to our understanding.  


Rodrigo Vergara, Center for Public Studies, Santiago de Chile

Globalization and Catching-up in Transition Economies provides a comprehensive analysis of the interaction between globalization and economic transformation applied to the post-socialist countries. With its lucid description of the major challenges facing policymakers in these economies, this book will be an invaluable source of information and analysis for researchers and policymakers alike.


Journal of Economic Literature Dec. 2002 Vol. 40 no. 4

Brings together the issues of globalization and postcommunist transition, analyzing the unexpectedly long and severe transitional recession in Eastern Europe and the Soviet Union. Papers discuss the links between globalization and transition to a market economy. Addresses the scope, dynamics, and general causes of the deep transitional recession of the 1990s. Describes different paths of recession, recovery, and growth in different countries and regions. Elaborates on policy responses to the challenge of prolonged transitional depression and the role of institution building. Considers the problem of market imperfections and the new role of government. Compares the "small government" with "big government" strategies in the quest for equitable growth in postcommunist countries. Discusses the implications of globalization and external shocks for recovery and growth in the postcommunist economies and considers chances and mechanisms for catching up with highly developed industrial economies. Presents passive scenarios of catching-up in transition economies and recommends active policies aiming for growth acceleration and its sustainability in the long term. Summarizes policy conclusions. Kolodko is John C. Evans Professor in European Studies at the University of Rochester and Director of TIGER-Transforamtion, Integration and Globalization Economic Research-at the Leon Kozminski Academy of Entrepreneurship and Management, Warsaw.