Volume 9, Number 1, February 1998

• China's Economy At A Crossroads
• China's State-Owned Companies Need Urgent Reform (by Chi Fulin)
• The Sale Goes On--Transforming Small Enterprises in China (by Yuanzheng Cao, Yingyi Qian, and Barry R. Weingast)
• Where Reformers Shape the Future--A Visit to Southern China (by Richard Hirschler)
• Milestones of Transition
• Asian Lessons for the Transition Economies (by Gail Buyske)
• The Big Seven--Russia's Financial Empires
• Economic Program of Hungary's Mainstream Opposition--Interview with Economic Adviser Gyorgy Matolesy 
• They Are Watching--NGO Report on the World Bank's Latest Reorganization
• Looming AIDS Epidemic in Transition Economies--Can It Be Avoided? (by Martha Ainsworth)
• Transition--A Mixed Blessing for Women
• World Bank/IMF Agenda
• Conference Diary
• New Books and Working Papers
• Bibliography of Selected Articles

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