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Why is Transition in Slovenia Often Considered a Success Story

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Author Info

  • Mencinger Joze

    (EIPF and University of Ljubljana)

Abstract

Economic performance in the first decade of independent Slovenia was satisfactory, and social costs of secession from Yugoslavia and of transition were rather low. The explanation of success can be found in very favorable initial position of the country and in chosen patterns of transition. Many essentials for market economy were being created during endless reforms long before 1989, and transition goals were relatively well defined. Proper mix of graduality, pragmatism and risk aversion regarding devastation of previous institutions together with adaptability of former political elite to new circumstances created conditions for a rather successful transition.La situation économique durant la première décennie d’indépendance de la Slovénie aura été satisfaisante et les coûts de la sécession avec la Yougoslavie et ceux de la transition auront été relativement faibles. L’explication du succès se trouve peutêtre dans la position initiale très favorable du pays et dans les schémas de transition retenus. Beaucoup des conditions essentielles à l’existence d’une économie de marché étaient en train d’être instaurées dans le cadre d’interminables réformes menées avant 1989, et les objectifs de la transition étaient assez bien définis. Un savant dosage de gradualisme, de pragmatisme et d’aversion au risque par rapport à la destruction des institutions existant antérieurement, couplé à l’adaptabilité de l’ancienne élite politique aux nouvelles circonstances ont donné lieu aux conditions requises pour une transition plutôt réussie.

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File URL: http://www.degruyter.com/view/j/jeeh.2001.11.1/jeeh.2001.11.1.1010/jeeh.2001.11.1.1010.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.

Volume (Year): 11 (2001)
Issue (Month): 1 (March)
Pages: 1-16

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Handle: RePEc:bpj:jeehcn:v:11:y:2001:i:1:n:11

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Web page: http://www.degruyter.com

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Cited by:
  1. Klaus Weyerstrass & Daniela Grozea-Helmenstein, 2013. "Euro Area Scenarios and their Economic Consequences for Slovenia and Serbia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 11(4 (Winter), pages 323-351.

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