Part 1 Reflections on the strategy of systemic transformation: systemic transformation in the light of global change, Jozef Pajestka; a strategy for economic transformation and development, Hansjoerg Herr, Silke Tober, Andreas Westphal; strategic planning for industrial restructuring, Kurt Bayer; how to develop a market economy in central and eastern Europe?, Valtr Komarek. Part 2 Property, money and trade in the market building process market: property and constitution, Joze Mencinger; property as a bundle of rights, Leopold Specht; market forces and industrial policy in the process of transition, Peter Kalmbach; international financial constraints in the period of systemic transformations, Jan Kregel; two views on how a deformed monetary economy can be developed, Hansjoerg Herr; the conversion of military resources in the process of market creation and industrial recovery, John E. Ullman; foreign trade and development of a market economy - the role of subregional co-operation in central and eastern Europe, Maciej Perczynski. Part 3 Country studies: the Russian market experience - social dimension, Vitaly Zhurkin; new options after the big bang - Poland at the cross-roads; Tadeusz Kowalik, Ryszard Bugaj; the external opening of a transforming economy - the case of Russia, Andrei S. Lushin; socio-economic transformation in Hungary, Gustav Bager; peculiarities of economic reforms in Ukraine, Nikolai G. Chuachenko. Postscript: The post-shock agenda - how to make the market forms of property and control, Jan Kregel, Andrei Lushin, Egon Matzner, Leopold Specht.