Ten years after: what is special about transition countries?
AbstractMost countries commonly classified as ‘in transition’ are still recognisably different in some respects from other countries with a similar income per capita: a larger share of their workforce is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the ‘software’ necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.
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Length: 21 pages
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Transition economies; development level;
Other versions of this item:
- Daniel Gros & Marc Suhrcke, 2000. "Ten Years After: What is Special about Transition Countries?," CESifo Working Paper Series 327, CESifo Group Munich.
- Gros, Daniel & Suhrcke, Marc, 2000. "Ten years after : what is special about transition countries?," HWWA Discussion Papers 86, Hamburg Institute of International Economics (HWWA).
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
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