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Ten Years After: What is Special about Transition Countries?

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  • Daniel Gros
  • Marc Suhrcke

Abstract

Most countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the 'software' necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.

Suggested Citation

  • Daniel Gros & Marc Suhrcke, 2000. "Ten Years After: What is Special about Transition Countries?," CESifo Working Paper Series 327, CESifo.
    • Handle: RePEc:ces:ceswps:_327
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    References listed on IDEAS

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    More about this item

    Keywords

    Transition economies; development level;

    JEL classification:

    • 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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