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The Political Economy of Transition in the Soviet Union

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  • Roland, Gérard

Abstract

This paper analyses the political economy of transition in the Soviet Union since Perestroika. It is argued that no major sequencing errors were made and that important steps were taken in the direction of democratization and the introduction of a private sector. Gorbachev's major error can be attributed to the macro mismanagement from 1985 onwards, leading to a loss of a central control and to the disintegration of the Soviet Union, unleashing nationalist forces and necessitating an increase in the speed of economic transition, in a situation where the political conditions for further reform had not yet been met. After the disintegration of the Union, stalemate between republics over the sharing of the costs of transition and stabilization delays the adoption of necessary economic measures.

Suggested Citation

  • Roland, Gérard, 1992. "The Political Economy of Transition in the Soviet Union," CEPR Discussion Papers 628, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:628
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    Citations

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    Cited by:

    1. Cecilia Testa, 2005. "Reforms, lobbies and welfare: A common agency approach," Public Choice, Springer, vol. 125(3), pages 305-337, December.
    2. Chris Doyle, 1996. "The Distributional Consequences During The Early Stages Of Russia'S Transition," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(4), pages 493-505, December.

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