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Disenchantment with the socialist economic model, coupled with the breakdown of the former Soviet economic bloc, has led to reforms in the transitional economies of Asia. This three-volume work is a study of economic reforms in the People's Republic of China, the Lao People's Democratic Republic, Mongolia, Myanmar, and Vietnam. It examines economic performance in these countries, including prior reforms and institutional changes, recent economic reforms and the historical and economic forces leading to these transitions, and current economic conditions, including constraints and policy changes. Volume One discusses taxation, money and credit, gradual versus rapid liberalization in socialist foreign trade, agricultural and price reforms, industrial enterprise reform, and financial reforms in these transitional economies. Volume two examines the People's Republic of China and Mongolia in greater depth. Volume Three completes the series with explorations of the Lao People's Democratic Republic, Myanmar, and Vietnam.