Economic Transition in Central Europe and the Commonwealth of Independent States

1. Front Matter

   Pages i-xviii

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2. What Happened?

   1. Front Matter

      Pages 1-1

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   2. The Old Regime and the Opening Balance of Transition

      • Tomasz Mickiewicz

      Pages 3-25

   3. The Transition Programme: Interdependence between the Key Components

      • Tomasz Mickiewicz

      Pages 26-46

   4. Stabilization

      • Tomasz Mickiewicz

      Pages 47-63

   5. Privatization: The Trade-Offs between Speed, Efficiency and Distribution

      • Tomasz Mickiewicz

      Pages 64-82

   6. Unemployment Paths and Restructuring

      • Tomasz Mickiewicz

      Pages 83-96

3. Why? New Empirical Results

   1. Front Matter

      Pages 97-97

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   2. Post-Communist Recessions Re-Examined

      • Tomasz Mickiewicz

      Pages 99-118

   3. Liberalization and Public Finance

      • Tomasz Mickiewicz

      Pages 119-142

   4. The Order of Financial Liberalization

      • Tomasz Mickiewicz

      Pages 143-159

   5. Democracy and Reform

      • Tomasz Mickiewicz

      Pages 160-180

   6. Growth and Transition

      • Tomasz Mickiewicz

      Pages 181-196

   7. Final Remarks

      • Tomasz Mickiewicz

      Pages 197-198

4. Back Matter

   Pages 199-214

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Fifteen years ago, twenty-seven countries in Europe and Central Asia embarked on their economic transition paths. For some, the outcome was a considerable success. Several others are still struggling to shed the inheritance of the past and to correct more recent policy mistakes. Why were post-Communist recessions so long in some countries and growth disappointing? Why was fiscal performance so different? Was democracy a factor, which facilitated reforms or rather slowed them down? This book discusses these questions in the context of new empirical evidence, including a critical examination of the main themes in the economics of transition literature.

• Asia
• Central Asia
• communism
• distribution
• economic growth
• employment
• finance
• growth
• interdependence
• liberalization
• performance
• reforms
• restructuring
• transition
• unemployment

TOMASZ MAREK MICKIEWICZ is a Professor of Comparative Economics at the School of Slavonic and East European Studies, University College London, UK. He serves on the editorial board of 'Post Communist Economies' and publishes on entrepreneurship, corporate governance and effects of privatisation in 'Lancet', 'Journal of Business Venturing', 'Emerging Markets Finance and Trade', "Europe Asia Studies', 'Economics of Transition' and others.

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