A Confluence of Circumstances or a Historical Pattern?
The article analyzes why many transitional economies have succeeded by pursuing policies that differed significantly from the radical economic liberalization that was credited for economic success in the countries of Central Europe, while many countries with liberal policies have not succeeded. It emphasizes that the art of the policymaker is to create markets without causing government failure, as happened in many countries of the Commonwealth of Independent States.
Volume (Year): 52 (2009)
Issue (Month): 8 (December)
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