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New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies

Author

Listed:
  • Joseph Stiglitz

    (The World Bank, Washington, D. C.)

  • David Ellerman

    (The World Bank, Washington, D. C.)

Abstract

This paper deals with Russia’s transition from communism to market economy which has been harder than anticipated just a decade ago. The rise in prosperity that the market economy had promised had not been materialised. But, in other transition countries from successes and failures, lessons have been learned, strategies devised and examples set which can serve as the basis for the success of transition not only in Russia but also in other countries of East Europe. This paper discusses these very aspects.

Suggested Citation

  • Joseph Stiglitz & David Ellerman, 2000. "New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 3(1), pages 41-72, May.
  • Handle: RePEc:zag:zirebs:v:3:y:2000:i:1:p:41-72
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    Cited by:

    1. Knyazeva, Anzhela & Knyazeva, Diana & Stiglitz, Joseph E., 2013. "Ownership change, institutional development and performance," Journal of Banking & Finance, Elsevier, vol. 37(7), pages 2605-2627.
    2. Joseph E. Stiglitz, 2016. "The state, the market, and development," WIDER Working Paper Series 001, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    central planing; privatisation; social capital; tax collection;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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