Abstract
Examines the main problems plaguing Central and East European nations.
Offers an explanation of why orthodox Western policies embodied in the
“shock” approach will not be effective for resolving the region′s
problems. Suggests an alternative perspective and type of economic
policy for alleviating economic and social problems throughout Central
and East Europe, namely that of the negotiated economy. Explains why
such an economy would be more efficacious for Central and East European
nations than orthodox policies have proved thus far.