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Approaches, Hopes and Reality in Transition Economies


  • Pasquale Tridico
  • Maria Lissowska


More than twenty years have now passed since the fall of the Berlin wall. Transition from planned economy towards market economy was supposed to bring success in both democracy and economic development. However, many transition economies have not become richer yet, nor more democratic, and fundamental cleavages among transition paths can be observed. The relatively better transition of most of the Central and Eastern European Countries than of the former Soviet Republics, in both economic and political terms, can be explained on the basis of different levels of social capital, trust, civil society involvement, transformation strategies, labour market performance and changes, and the emergence of a middle class, leading to different levels of democracy and development.

Suggested Citation

  • Pasquale Tridico & Maria Lissowska, 2010. "Approaches, Hopes and Reality in Transition Economies," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
  • Handle: RePEc:rar:journl:0198

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    References listed on IDEAS

    1. Pasquale Tridico, 2007. "Institutions, Human Development and Economic Growth in Transition Economies," The European Journal of Development Research, Taylor and Francis Journals, vol. 19(4), pages 569-593.
    2. Caves, Richard E, 1974. "Multinational Firms, Competition, and Productivity in Host-Country Markets," Economica, London School of Economics and Political Science, vol. 41(162), pages 176-193, May.
    3. Tito Boeri & Katherine Terrell, 2002. "Institutional Determinants of Labor Reallocation in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 51-76, Winter.
    4. Justin Yifu Lin, 2005. "Viability, Economic Transition and Reflection on Neoclassical Economics -super-," Kyklos, Wiley Blackwell, vol. 58(2), pages 239-264, April.
    5. Fabio Sabatini, 2008. "Social Capital and the Quality of Economic Development," Kyklos, Wiley Blackwell, vol. 61(3), pages 466-499, August.
    6. repec:cup:apsrev:v:53:y:1959:i:01:p:69-105_00 is not listed on IDEAS
    7. D. M. Nuti, 1986. "Hidden And Repressed Inflation In Soviet-Type Economies: Definitions, Measurements And Stabilisation," Contributions to Political Economy, Oxford University Press, vol. 5(1), pages 37-82.
    8. Kornai Janos, 1994. "Transformational Recession: The Main Causes," Journal of Comparative Economics, Elsevier, vol. 19(1), pages 39-63, August.
    9. Peter Murrell, 1991. "Can Neoclassical Economics Underpin the Reform of Centrally Planned Economies?," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 59-76, Fall.
    10. János Kornai, 2006. "The great transformation of Central Eastern Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 14(2), pages 207-244, April.
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    More about this item


    Transition; Iinstitutions; Social capital; Labour markets;

    JEL classification:

    • P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General


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