Introduction PART I GENERAL FRAMEWORK OF COMPARISON Conversion and Divergence in Transition Process: Europe and Asia China's Transition to a Market Economy: How Far Across the River Two Reforms under Mono-Party Systems-Hungarian NEM and China's Reform PART II OWNERSHIP REFORM AND PRIVATIZATION SOE Reform and Privatization in Transition-China in Comparative Perspective Vietnamese Gradualism in SOE Reforms From Public to Private Savings: Decline of State Ownership in China PART III THE ROLE OF THE STATE AND MARKET IN TRANSITION The Special Safety Net in a Transitional Economy: the Case of China The State and the Transformation of Economic Systems Can the Japan Inc. Model be a Middle Course for Transition: Industrial Policy and Postwar Economic Development of Japan Market and Political Justice in Transformation of Poland PART IV LESSONS OF THE FIRST DECADE REVISITED Facts and Lessons of Ten Years of Transformation in Central Europe Lessons of Transformation in the Czech Republic: 1990-2000