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Alternative paths to the transition process

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  • John Marangos

Abstract

Purpose - The purpose of the paper is to develop alternative paths to the transition process as a result of alternative models of transition. Design/methodology/approach - A political economy methodology to the transition process results in alternative transition models. As a result five alternative models of transition come into being. Findings - Transition models can be distinguished on the basis of economic analysis, speed and the political structure. Each model recommended a set of economic policies to facilitate the transition process. The adoption of gradualist processes of transition – except in the case of shock therapy – requires a sequence by which the reforms should be introduced. Originality/value - The paper contributes to the transition literature by developing a set of economic policies combined with a sequence path for each transition model.

Suggested Citation

  • John Marangos, 2005. "Alternative paths to the transition process," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 32(4), pages 307-324, April.
    • Handle: RePEc:eme:ijsepp:03068290510587033
    DOI: 10.1108/03068290510587033
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