Volume 8, Number 2, April 1997

• Hong Kong Will Remain a Free Market after 1997
  by Andrew Sheng
  Box: Hong Kong in 1997--The Basic Law
  Box: Milton Friedman on the Renminbi-HK Dollar Relationship
  Box: 1997 Annual Meetings in Hong Kong
  Box: Selected Reforms on China's Agenda

• Desperately Seeking Economic Recovery
  Why Is Ukraine's Economy--and Russia's--Not Growing?
  by Daniel Kaufmann
  
• Russia's New Dream Team Confronts Mightmares

• Russia's New Robber Barons Act Up

• Kremlin Capitalism

• Forum for Discussion
  Russia's Economic Policy-Suggestions for an Alternative
  by Stanislav Menshikov
  
• The Bank Should Prioritize Recovery
  by David Gisselquist
  
• Retraining Economics Lecturers in Russia
  by Lan Wu
  
• The World Bank Should Facilitate, Not Provide
  Proposals of an "Outsider" Research Team
  
• Letters to the Editor

• North Korea's Economy Under Multiple Severe Stresses
  by Nicholas Eberstadt
  Box: North Korea Is Starving for Reform
  
• Milestones of Transition
• World Bank/IMF Agenda
  Box: Emergency Support to Bulgaria
• Conference Diary
• New Books and Working Papers
• Bibliography of Selected Articles