CONTENTS -- Prologue -- Acknowledgements -- Part I Transition Economies: Conception -- Chapter 1 The Nature and Implications of Transition Economies -- I. Introduction -- II. Common Aspects of Transition Economies -- III. Requirements For Success In Economic Transition -- Chapter 2 Historical Perspectives on the Transition Process -- I. Introduction -- II. From Capitalism to Socialism -- III. Development Under Socialism -- IV. Pretransition Crises -- V. The Transition Process -- VI. Conclusions -- Chapter 3 Transition and Restoration: Two Alternative Strategies -- I. Introduction -- II. The Restoration of Capitalism: The Primary Economic Indicators -- III. Policies Applied -- IV. Transition and Restoration: The Two Strategies Compared -- V. Conclusions -- Chapter 4 Economics and Politics of Transition: The Road to the Welfare State and Economy -- I. Introduction -- II. Where Do the Countries in Transition Go? -- III. Transition in Light of Ideology and Policy -- Chapter 5 Transition Economies and the Veblenian Financial Entrepreneur -- I. Introduction -- II. Institutional Changes in Transition Economies -- III. The Emerging Entrepreneurs and Their Strategic Role in Transition Economies -- IV. New Profit Opportunities and Entrepreneurial Activities -- V. Conclusions -- Part II Key Aspects of the Transition Process -- Chapter 6 Restructuring Economies in Transition Through Entrepreneurial Districts -- I. Introduction -- II. The Origin of the Industrial District Concept -- III. Is the Change from Industrial District to Entrepreneurial District Justified? -- IV. The Entrepreneurial District as a Restructuring Mechanism in Transition Economies -- V. Conclusion -- Chapter 7 Strategic Alliances in Transition Economies -- I. Introduction: The Alliance Puzzle.

II. Forms and Purposes of Strategic Alliances -- III. Advantages and Limitations of Strategic Alliances -- IV. Alliance Management -- V. The Future of Alliances -- VI. Lingering Questions -- VII. The Use of Alliances by Firms in Transition Economies -- Chapter 8 The Impact of Financial Sector Reform in Transition Economies -- I. Introduction -- II. Issues of Transition -- III. Financial Reform -- IV. Nature and Impact of Financial Reforms -- V. Capital Structure Effect -- VI. Corporate Finance Structures in Developing Countries -- VII. Firm-Level Response to Financial Liberalization: Some Stylized Facts -- VIII. Post-Reform Experience -- IX. The Effects of Volatile Capital Flows -- X. Determinants of Capital Flows -- XI. Impact on the Banking Structure -- XII. Further Comments: From the Experience with Financial Reforms in Central and Eastern Europe -- XIII. Conclusions -- Chapter 9 Forces Behind Growth in Transition Economies -- I. Introduction -- II. The Search for Determinants of Growth in Transition Economies -- III. Recommendations for Achieving Long-Term Sustainable Growth in Transition Economies -- Chapter 10 The Role of Small Innovative and Entrepreneurial Firms in Achieving Economic Integration During the Transition Process -- I. Introduction -- II. Advantages of Small Business Ownership in Transition Economies -- III. Obstacles for Small Business in Transition Economies -- IV. The Role of SMEs in Developing and Transition Economies -- V. The Need for Small Business Advocacy in Transition Economies -- VI. Conclusion -- Chapter 11 Governance, Economic and Financial Factors Affecting Success for Transition Economies -- I. Introduction -- II. Prior Related Literature -- III. Data Gathering with Respect to Economic and Financial Variables.

IV. Methods of Analysis and Results with Respect to Economic and Financial Variables -- V. Conclusions -- Chapter 12 The Relationship Between Economic Freedom and Transitionary Economic Growth -- I. Introduction -- II. Prior Related Literature -- III. An Analysis of the Heritage Foundation's Data -- IV. Conclusions -- Part III Finance and the Transition Process -- Chapter 13 An Accounting Ethic for a Transitional Economic Era -- I. Introduction -- II. Taxonomy of Accounting Systems -- III. The Accounting Needs of Transition Economies -- IV. An Accounting Ethos -- V. Conclusions -- Chapter 14 The Financial Infrastructure Required to Support Economies in Transition -- I. Introduction -- II. Role of the Financial Infrastructure in the Transition Process -- III. Principal Component Institutions of the Financial Infrastructure -- IV. The Relative Importance of Commercial Banks and Stock Exchanges in the Transition Process -- V. Public Policy Recommendations and Qualifications -- VI. A Final Caveat: Real and Financial Sectors and Differential Speeds of Adjustment -- Chapter 15 The Role of Banks in Transition Economies -- I. Introduction -- II. Recent Experience in Eastern Europe -- III. The Asymmetric Information Paradigm and Its Implications for the Patterns of Finance -- IV. The U.S. Experience -- V. The Potential Drawbacks of Relying on Banks -- VI. Conclusion -- Part IV Selected Characteristics of Transition Economies -- Chapter 16 Venture Capital Finance in China -- I. Introduction -- II. Opportunities and Challenges for Venture Capital Finance in China -- III. The Venture Capital Cycle in China -- IV. Conclusion -- Chapter 17 Chinese Economic and Financial Reforms -- I. Introduction -- II. Reforms in China -- III. The Role of the Foreign Sector.

IV. Assessment and Implications of China's Reforms -- V. Conclusion -- Chapter 18 The Privatization Process in Croatia -- I. Introduction -- II. Macroeconomic Environment -- III. Microeconomic Environment -- IV. Legal Framework: Formal and Operational Aspects -- V. Empirical Evidence Related to the Program of Direct Government Support in the Process of Partial Rehabilitation and Restructuring -- VI. Restructuring as an Outcome or Challenge for the Future -- VII. Helping-Hand of the Government and/or the Invisible Hand -- VII. Findings and Prospects -- VIII. Concluding Remarks -- Chapter 19 Privatization and the Capital Market in Slovenia -- I. Introduction -- II. Privatization and the Development of the Capital Market -- III. Current Issues in Capital Markets -- IV. The Future of Capital Market Development in Slovenia and Some Policy Recommendations -- Chapter 20 The Financial Sector and Transition in Slovenia -- I. Introduction -- II. Pre-Transition Enterprises -- III. Transition and "Privatization" -- IV. Changing The Old Financial Institutions -- V. The New Financial Institutions -- VI. What Should Have Been Done? -- VII. Restructuring The Financial Sector -- Chapter 21 Privatization Investment Funds in the Czech Republic, Poland, and Slovenia -- I. Introduction -- II. Mass Privatization in the Czech Republic, Poland and Slovenia -- III. Privatization Investment Funds Compared -- IV. Concluding Remarks -- Epilogue -- Index.