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The transformation of one economic system into another: the case of post-socialist transition in Eastern Europe (1989-2017)
[La transformation d'un système économique en un autre : le cas de la transition postsocialiste en Europe de l'Est (1989-2017)]

Author

Listed:
  • Assen Slim

    (CESSMA UMRD 245 - Centre d'études en sciences sociales sur les mondes africains, américains et asiatiques - IRD - Institut de Recherche pour le Développement - Inalco - Institut National des Langues et Civilisations Orientales - UPCité - Université Paris Cité, CREE EA 4513 - Centre de recherches Europes-Eurasie - Inalco - Institut National des Langues et Civilisations Orientales)

Abstract

The chapter by Assen Slim explores the postsocialist transition in Eastern Europe (1989-2017), divided into two main approaches. The teleological approach, adopted by liberal economists, advocates for a rapid transition to a market economy through simultaneous and radical reforms, but encountered high social costs and unexpected results, such as persistent inflation and prolonged recession. In contrast, the genetic approach considers the constraints inherited from the past, viewing change as a slow and complex process requiring appropriate institutional reforms. Evolutionary and institutionalist theories emphasize the importance of institutions in the success of economic transformation. The conclusion highlights the necessity of minimal social consensus and compatibility with inherited institutional elements to ensure the viability of reforms.

Suggested Citation

  • Assen Slim, 2015. "The transformation of one economic system into another: the case of post-socialist transition in Eastern Europe (1989-2017) [La transformation d'un système économique en un autre : le cas de la tra," Post-Print hal-04615204, HAL.
    • Handle: RePEc:hal:journl:hal-04615204
    Note: View the original document on HAL open archive server: https://hal.science/hal-04615204v1
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