Economic analysis of the process of transition to market economies in Central and Eastern Europe.Analysing the key problems facing the transition countries in Central and Eastern Europe, this book describes the legacy of the central planners and the need for radical reforms. It documents the outstanding successes and failures, and shows how some countries have graduated from 'transition' to 'integration' through membership of the European Union. The book concludes by indicating how the EU could help the poor performers through inclusion in a continent-wide integrated economic area. Written in accessible style the book will appeal to students in economics, comparative politics and area studies.Analysing the key problems facing the transition countries in Central and Eastern Europe, this book describes the legacy of the central planners and the need for radical reforms. It documents the outstanding successes and failures, and shows how some countries have graduated from 'transition' to 'integration' through membership of the European Union. The book concludes by indicating how the EU could help the poor performers through inclusion in a continent-wide integrated economic area. Written in accessible style the book will appeal to students in economics, comparative politics and area studies.Analyzing the key problems facing the transition countries in Central and Eastern Europe, this book describes the legacy of the central planners and the need for radical reforms. It documents the outstanding successes and failures, and demonstrates how some countries have graduated from transition to integration through membership in the European Union. The study concludes by indicating how the EU could help the poor performers through inclusion in a continent-wide integrated economic area. The book appeals to students in economics, comparative politics and area studies.Introduction; Part I. The Rise and Decline of Communism: An Overview: 1. From pre-war Russia to the fall of Comml!