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Ten years after: what is special about transition countries?

Author

Listed:
  • Daniel Gros

    (European Bank for Reconstruction and Development and HWWA Institute of International Economics)

  • Marc Suhrcke

    (Centre for European Policy Studies)

Abstract

Most 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.

Suggested Citation

  • Daniel Gros & Marc Suhrcke, 2000. "Ten years after: what is special about transition countries?," Working Papers 56, European Bank for Reconstruction and Development, Office of the Chief Economist.
  • Handle: RePEc:ebd:wpaper:56
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    More about this item

    Keywords

    Transition economies; development level;

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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