Volume 6, Number 3, March 1995

• Postcommunist Parties and the Politics of Entitlements
  by Jeffrey Sachs

• Privatizing Profits of Bulgaria's State Enterprises
  by Zeljko Bogetic and Arye L. Hillman
  Box: Oxford Analytica Reports on Red Conglomerates in Bulgaria

• Fiscal Decentralization in Transition Economies: A Long Way to Go
  by Richard M. Bird, Robert D. Ebel, and Christine I. Wallich
  Box: Closing the Budget Gap with Transfers

• Castro Tries Survival Strategy
  by Jorge F. Perez-Lopez
  Box: Cuba's Economy in 1995

• Quotation of the Month: "Siphon Off the Money That Otherwise Might Improve the Government's Finances: That's the Unwritten Law."
  by Ferenc L. Gazso of the Hungarian Daily Mai Nap Blasts Shadow Economy Operators

• Milestones of Transition
• World Bank/IMF Agenda
• Conference Diary
• New Books and Working Papers
• Bibliography of Selected Articles