In the 1980s, the formerly planned markets of the Soviet Union, Eastern Europe and the developing nations of Latin America and East Asia embarked upon unprecedented efforts to alter their economic regimes. These reforms involved a major reconceptualization of the principal elements of the economy, private property and trade. In the wake of these reforms, however, a host of details concerning the implementation of structural changes remain unrealized. Economic Policy Reform: The Second Stage provides an incisive overview of the context of this second stage of reform with a thorough examination of the issues confronting the policymakers involved. Edited by Anne O. Krueger, it features studies from distinguished experts in various fields of economics. Both a handbook for economists and practitioners and a theoretical exploration of the most significant challanges currently facing the economic world, this new book should be useful to anyone involved in the global economic scene.