IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2003i4p36-59.html
   My bibliography  Save this article

The neoliberal platform of the transition to market economy - specifics and consequences

Author

Listed:
  • Stefan Stefanov

Abstract

The paper examines, on a comparative plan, the market reforms in the countries of Central and Eastern Europe (CEE) and China, as well as the consequences of their introduction. It defends the thesis that the doctrine of neoliberalism, which is lying in the basis of the Washington Consensus and the activity of the IMF, is of a decisive importance for implementation of the "prorecessional" model of transition to market economy in the countries of CEE. Analyzed are the contents of and the reasons for the emergence of the Washington Consensus and the accent is on the negative consequences of its implementation in the process of reforms in the countries of CEE, and more specially on the following aspects: confusing of aims with means in the model of the market reform, as well as in the methodologies of evaluation of the reached results; slowing down of the institutional reform; generating negative shocks on internal and external demand; and creating conditions of spreading poverty, corruption and crime.

Suggested Citation

  • Stefan Stefanov, 2003. "The neoliberal platform of the transition to market economy - specifics and consequences," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 36-59.
    • Handle: RePEc:bas:econth:y:2003:i:4:p:36-59
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=624af4c9-4e87-40da-8f8c-242cf0571dc2&articleid=a0637974-817c-4965-9c4e-6455a7fdde6a#aa0637974-817c-4965-9c4e-6455a7fdde6a
    Download Restriction: Free access
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 14042, December.
    2. James Crotty, 2000. "Trading State-Led Prosperity for Market-Led Stagnation: From the Golden Age to Global Neoliberalism," Published Studies ps7, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    4. J. Stiglitz, 1999. "Whither Reform? Ten Years of the Transition," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 7.
    5. World Bank, 2002. "Globalization, Growth, and Poverty : Building an Inclusive World Economy," World Bank Publications - Books, The World Bank Group, number 14051, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Justin Yifu Lin, 2005. "Viability, Economic Transition and Reflection on Neoclassical Economics," Kyklos, Wiley Blackwell, vol. 58(2), pages 239-264, May.
    2. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June.
    3. Heshmati, Almas, 2004. "The Relationship between Income Inequality, Poverty and Globalisation," IZA Discussion Papers 1277, Institute of Labor Economics (IZA).
    4. Karsten Staehr, 2005. "Reforms and Economic Growth in Transition Economies: Complementarity, Sequencing and Speed," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 177-202, December.
    5. Popov, Vladimir, 2001. "Currency crises in Russia and other transition economies," MPRA Paper 28117, University Library of Munich, Germany.
    6. John Marangos, 2002. "A post Keynesian critique of privatization policies in transition economies," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(5), pages 573-589.
    7. Tony Addison & Philippe Le Billon & S. Mansoob Murshed, 2001. "Finance in conflict and reconstruction," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(7), pages 951-964.
    8. Dario DEBOWICZ, 2010. "Real Financial Models in Argentina," EcoMod2010 259600044, EcoMod.
    9. Craig, David & Porter, Doug, 2003. "Poverty Reduction Strategy Papers: A New Convergence," World Development, Elsevier, vol. 31(1), pages 53-69, January.
    10. Vojmir Franicevic, 2002. "The Postsocialist States in Southeast Europe: Challenges and Dilemmas," wiiw Balkan Observatory Working Papers 25, The Vienna Institute for International Economic Studies, wiiw.
    11. Zuzana Fungacova, 2005. "Building a Castle on Sand: Effects of Mass Privatization on Capital Market Creation in Transition Economies," CERGE-EI Working Papers wp256, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    12. Andrew Sumner, 2006. "Why Are We Still Arguing about Globalisation," Working Papers id:538, eSocialSciences.
    13. Nilsson, Sten, 2005. "Experiences of policy reforms of the forest sector in transition and other countries," Forest Policy and Economics, Elsevier, vol. 7(6), pages 831-847, November.
    14. Polterovich, Victor & Popov, Vladimir, 2005. "Democracy and Growth Reconsidered: Why Economic Performance of New Democracies is not Encouraging," MPRA Paper 21606, University Library of Munich, Germany.
    15. Polterovich, Victor & Popov, Vladimir, 2007. "Демократизация И Экономический Рост [Democratization and Economic Growth]," MPRA Paper 23012, University Library of Munich, Germany.
    16. Joseph E. Stiglitz, 2004. "Information and the Change in the Paradigm in Economics, Part 2," The American Economist, Sage Publications, vol. 48(1), pages 17-49, March.
    17. Catherine Locatelli & Dominique Finon, 2004. "L'échec de l'introduction d'institutions de marché dans une économie en transition : les limites du consensus de Washington dans un secteur de rente," Post-Print halshs-00001306, HAL.
    18. Catherine Locatelli & Dominique Finon, 2004. "The failure of introducing market institutions in a rent sector into an economy in transition," Post-Print halshs-00001302, HAL.
    19. Polterovich, Victor & Popov, Vladimir, 2007. "Democratization, Quality of Institutions and Economic Growth," MPRA Paper 19152, University Library of Munich, Germany.
    20. Fofack, Hippolyte, 2008. "Technology trap and poverty trap in Sub-Saharan Africa," Policy Research Working Paper Series 4582, The World Bank.

    More about this item

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2003:i:4:p:36-59. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.