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Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions

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  • Marek Dabrowski

    (CASE–Center for Social and Economic Research, Warsaw, Poland
    Central European University, Vienna, Austria
    Bruegel, Brussels, Belgium)

Abstract

The post-communist transition in the former Soviet Union (FSU) cannot be considered entirely successful, especially in the political and institutional spheres. Nevertheless, in the economic sphere, the transition process succeeded in rebuilding the foundations of market economies based on private ownership by the early 2000s, even if the adopted­ policies and institutions have proved suboptimal and distortive in many countries. The transition experience in the FSU region has demonstrated a correlation between political and economic reforms, with a strong impact of the former on the latter. The deficit of democracy, civil freedoms and the rule of law has negatively impacted the course of the economic transition, causing significant delay, distortions and partial reversals.

Suggested Citation

  • Marek Dabrowski, 2023. "Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions," Russian Journal of Economics, ARPHA Platform, vol. 9(1), pages 1-32, April.
    • Handle: RePEc:arh:jrujec:v:9:y:2023:i:1:p:1-32
    DOI: 10.32609/j.ruje.9.104761
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    References listed on IDEAS

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    1. Jeromin Zettelmeyer, 1999. "The Uzbek Growth Puzzle," IMF Staff Papers, Palgrave Macmillan, vol. 46(3), pages 1-3.
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    More about this item

    Keywords

    post-communist transition former Soviet Union economic liberalization economic integration privatization governance economic freedom political freedom.;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • P31 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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