Preface -- Contents -- List of Figures -- List of Tables -- 1. The Basic Facts -- 1.1 The Evolution of Aggregate Output -- 1.2 Composition Effects and the Evolution of Manufacturing Output -- 1.3 The Evolution of Productivity and Employment -- 1.4 Unemployment -- 1.5 Investment -- 1.6 Perceptions of Pain and Progress -- 1.7 Summary and Comparisons: East Germany, Russia -- Appendix -- Notes -- 2. The Basic Mechanisms -- 2.1 Reallocation -- 2.2 Disorganization -- 2.3 Restructuring -- 2.4 Macroeconomic Policies -- 2.5 Conclusions -- Notes -- 3. Looking at the Pieces -- 3.1 The Initial Adjustment of State Firms -- 3.2 Restructuring and Privatization -- 3.3 Reallocation, Flows, and Unemployment -- Notes -- 4. Putting the Pieces Together -- 4.1 A Benchmark Model -- 4.2 Policies and Transition -- 4.3 Derailments, and Other Extensions -- 4.4 Conclusions -- Notes -- References -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z.