A successful transition process may be treated as a tool for the economic development of a country. There is a common consensus that the implication of a market-oriented transition might be deemed as a political development because of the robust relationship existing between the political and economic reforms. Studying the reform policies in a democracy and/or in a market economy, we observed both similar and different characteristics among transition procedures, institutional reforms and macroeconomic performance among the countries in question. Thus, we introduced nine general reform paths with regard to the way that the reform from communism to democracy and/or to market economy was achieved. We concluded that countries, which have followed or were forced to follow reform paths, such as the disguised, belligerent and violent, have limited economic growth and not only lag behind the other transition countries in the region, but also, as of today, have not even reached the levels they had attained in 1989.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)