Approaches, Hopes and Reality in Transition Economies
AbstractMore than twenty years have now passed since the fall of the Berlin wall. Transition from planned economy towards market economy was supposed to bring success in both democracy and economic development. However, many transition economies have not become richer yet, nor more democratic, and fundamental cleavages among transition paths can be observed. The relatively better transition of most of the Central and Eastern European Countries than of the former Soviet Republics, in both economic and political terms, can be explained on the basis of different levels of social capital, trust, civil society involvement, transformation strategies, labour market performance and changes, and the emergence of a middle class, leading to different levels of democracy and development.
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Bibliographic InfoArticle provided by Associazione Rossi Doria in its journal QA.
Volume (Year): (2010)
Issue (Month): 4 (December)
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More information through EDIRC
Transition; Iinstitutions; Social capital; Labour markets;
Find related papers by JEL classification:
- P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Institutional; Evolutionary
- P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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