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The Transition Process: It’s All About People, Isn’t it?

Author

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  • Marko Skreb

    (Bank of Albania)

Abstract

Transition process is done for the people and by the people. They are the main objective (increasing their welfare), the main engine (through human and social capital) and the main constraint (rent-seeking behaviour and lack of political support). Policy makers have to ask themselves whether they have checked progress in transition against increasing welfare, nurtured human and social capital, and anticipated the obstacles to transition. Transition economies must realise that their success lies within them. Openness to the world is essential, but policy makers must look inside their own respective countries and find specific answers to problems for their better future.

Suggested Citation

  • Marko Skreb, 2001. "The Transition Process: It’s All About People, Isn’t it?," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 4(1), pages 91-102, May.
    • Handle: RePEc:zag:zirebs:v:4:y:2001:i:1:p:91-102
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    More about this item

    Keywords

    Transition Process; Political Economy of Reform; Croatia;
    All these keywords.

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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