Includes bibliographical references (p. 445-465) and index.

Pre-transition : the socialist system -- Stylised facts of transition : two decades on -- Initial conditions at the outset of transition -- Paradigms of transition -- Transition reforms and economic policies -- Enterprise reform and restructuring -- Performance and transition outcomes -- Labour markets in transition : a focus on Russia and China -- Economic transition : Russia versus China -- Lessons from transition.

Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition economics: two decades on reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market.