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Was Transition about Free-Market Economics?

Listed author(s):
  • Colombatto Enrico

    (Università di Torino & International Center for Economic)

Registered author(s):

    Transition has not always been a success story. In some cases failure was due to the introduction of topdown legislature, which was not always compatible with the existing informal rules of the game. In other cases transition was just a euphemism for a fight for power with little substantial change.Still, most Western analysts indulged in analysing all East-European economies according to a rather standard (neo-classical) pattern. This paper explains this approach by referring to the need to maintain rentseeking policies in the West, to create new rents in the East. Western governments complied with the constructivistic view willingly, especially in the EU area, for social engineering was instrumental in order to acquire and expand consensus on the principles of state interference.La transition na pas toujours été une réussite. Dans certains cas, les échecs ont été dus à l instauration dun corps législatif directif souvent incompatible avec les règles de jeu informelles. Dans dautres cas, la transition fut un simple euphémisme pour une lutte pour le pouvoir, peu susceptible de donner lieu à des changements significatifs.De plus, la plupart des chercheurs occidentaux ont analysé les économies de lEurope de lEst avec les outils du modèle néoclassique standard. Lauteur explique cette orientation en invoquant la volonté de maintenir les politiques de recherche de rente à lOuest, et den créer de nouvelles à lEst. Les gouvernements occidentaux ont volontairement cédé à une vision constructiviste, notamment dans la zone de lUnion Européenne, car lingénierie sociale a été un instrument majeur dans la réalisation et lextension du consensus autour des principes dinterventions étatiques.

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    Article provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.

    Volume (Year): 11 (2001)
    Issue (Month): 1 (March)
    Pages: 1-16

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    Handle: RePEc:bpj:jeehcn:v:11:y:2001:i:1:n:5
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    1. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," IMF Working Papers 00/30, International Monetary Fund.
    2. Victor Nee, 2000. "The Role of the State in Making a Market Economy," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(1), pages 1-64, March.
    3. Jones Charles I., 2001. "Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run," The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(2), pages 1-45, August.
    4. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," NBER Working Papers 7664, National Bureau of Economic Research, Inc.
    5. Zuliu F. Hu & Mohsin S. Khan, 1997. "Why Is China Growing So Fast?," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 103-131, March.
    6. Kenneth J. Arrow, 2000. "Economic Transition: Speed and Scope," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(1), pages 1-9, March.
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