In the wake of the Cold War, the nations of Central Europe faced the monumental task of transitioning from centrally planned economies to market-driven systems. Jeffrey Sachs and Andrew M. Warner analyze this historic transformation, offering a comprehensive exploration of the strategies, challenges, and outcomes that defined rapid economic growth in this region. Drawing upon detailed case studies and a wealth of empirical data, the authors illuminate the interplay between policy choices and growth trajectories, while dispelling myths about the inevitability of hardship in economic transitions. Their work serves as a crucial guide for policymakers, economists, and business...