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Development and Transition: Emerging, but Merging?

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  • Gur Ofer

Abstract

[eng] It is unclear who first classified countries that are attempting to develop market economies into a single group of « emerging markets » or « emerging market economies ». These countries can be divided into at least two sub-groups. One group of countries is presently emerging from underdevelopment while the other group is composed of « transition economies », which are emerging from the communist economic and political system. The main goal of this paper is to investigate to what extent the different heritage and therefore initial conditions are distinct enough to justify the separate treatment of these two groups. The author first surveys the main issues of economic development and their relevance to transition and, second, the structural and institutional differences between transition economies and underdeveloped economies. . JEL classifications : P20, O10, P52 [fre] Développement et transition : émergence ou convergence ? . Que recouvre exactement le concept « d’économies de marché émergentes », désignant les pays qui s’efforcent actuellement de passer à une économie de marché développée ? On pourrait distinguer deux sous-ensembles de pays à l’intérieur de cette catégorie. Dans le premier figurent les « économies en développement » et, dans le second, les « économies en transition », hier soumises au système communiste. L’objectif de cet article consiste à déterminer la mesure dans laquelle le patrimoine légué à ces deux groupes de pays et leurs conditions initiales sont suffisamment différents pour justifier un traitement séparé. Pour cela l’auteur examine tout d’abord les principaux aspects du développement économique et leur pertinence par rapport à la transition. Puis, il aborde les différences structurelles et institutionnelles entre économies en transition et économies en développement. . Classification JEL : O10, P20, P52

Suggested Citation

  • Gur Ofer, 2001. "Development and Transition: Emerging, but Merging?," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 107-146.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2001_hos_6_1_4556
    DOI: 10.3406/ecofi.2001.4556
    Note: DOI:10.3406/ecofi.2001.4556
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    References listed on IDEAS

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    1. Ickes, Barry W. & Ofer, Gur, 2006. "The political economy of structural change in Russia," European Journal of Political Economy, Elsevier, vol. 22(2), pages 409-434, June.

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    More about this item

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • 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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