Abstract
The transition to democracy and the market economy in Central and Eastern Europe (CEE) and in the former Soviet Union (FSU) may be the most important political and economic event in the world history of the last decade of the twentieth century. This chapter deals mainly with the problem of the optimal transition strategy and its political economy determinants.1 The intention is to revisit the controversy of how quickly and radically the new market rules (and their individual components) should be adopted in the formerly communist countries (FCC). Particularly, the chapter deals mainly with two basic questions:
-
Why a fast transition is better than a slow one
-
What factors determine the speed, and therefore the effectiveness, of the transition process?
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Åslund, Anders (1994) ‘Lessons of the First Four Years of Systemic Change in Eastern Europe’, Journal of Comparative Economics, vol. 19, no. 1.
Balcerowicz, Leszek (1994) ‘Understanding Postcommunist Transitions’, Journal of Democracy, vol. 5, no. 4 (October).
Balcerowicz, Leszek and Alan Gerb (1995) ‘Macropolicies in Transition to a Market Economy. A Three-Year Perspective’, CASE-Center for Social and Economic Research, Warsaw, Studies and Analysis, no. 33.
Bogetic, Zeljko and Arye L. Hillman (1995) ‘Privatizing Profits of Bulgaria’s State Enterprises’, Transition, vol. 6, no. 3 March.
Bruno, Michael (1988) ‘Opening up: Liberalization with Stabilization’, in R. Dornbusch, F. Leslie and C. H. Helmers (eds), The Open Economy, EDI Series in Economic Development New York, The World Bank and Oxford University Press.
Dąbrowski, Marek (1992) ‘From Planned Economy to Market Economy: Rate and Stages of Transformation Process’, paper for the 2nd EACES Conference on Problems of Transforming Economies, Groningen, The Netherlands (24–26 September).
—— (1994) ‘The Role of the Government in Postcommunist Economies’, in Laszlo Csaba (ed.), Privatization, Liberalization and Destruction: Recreating the Market in Central and Eastern Europe (Brookfield, VT; Dartmouth Press).
—— (1995) ‘Western Aid Conditionality and the Post-Communist Transition’, Center for Social and Economic Research, Warsaw, Studies and Analyses, no. 37.
—— (1996) ‘Different Strategies of Transition to a Market Economy: How Do They Work in Practice?’, The World Bank, Policy Research Department Working Papers.
Dąbrowski, Marek and Rafal Antczak (1995) ‘Róta procesów inflacyjnych w Rosji, Ukrainie i Bilorusi’ (Sources of Inflation in Russia, Ukraine and Belarus), Polish Academy of Sciences, Institute of Economics, Warsaw (October), mimeo.
de Melo, Martha, Cevdet Denizer and Alan Gelb (1995) ‘From Plan to Market: The Patterns of Transition’, The World Bank, Policy Research Department (September), mimeo.
EBRD (1994) Transition Report: Economic Transition in Eastern Europe and the Former Soviet Union, European Bank for Reconstruction and Development (October).
Gacs, Janos (1994) ‘Trade Policy in the Czech and Slovak Republics, Hungary and Poland in 1989–93: A Comparison’, Center for Social and Economic Research, Warsaw, Studies and Analyses, no. 11 (February).
Havrylyshyn, Oleh, Marcus Miller and William Perraudin (1994) ‘Deficits, Inflation and the Political Economy of Ukraine’, Economic Policy, vol. 19 (October).
Kaminski, Barlomiej and Zhen-Kun Wang (1995) ‘External Assistance and Finance for the Transition Economies’, The World Bank, Washington, DC (January 11), mimeo.
Karatnycky, Adrian (1995) ‘Democracies on the Rise. Democracies at Risk’, Freedom Review, Freedom House (January–February).
Krueger, Anne (1990) ‘Government Failures in Development’, Journal of Economic Perspectives.
MultiQuery Data base (1995), prepared by Nancy Vandycke, under the Supervision of Luca Barbone, the World Bank, EC2 (March 15).
Rostowski, Jacek (1995) ‘Giperinfljacia i stabilizacia v Yugoslavii v 1992–1994gg.’, CASE-Center for Social and Economic Research, Warsaw, Studies and Analyses, no. 32 (February).
Sachs, Jeffrey D. (1995) ‘Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences’, CASE-Center for Social and Economic Research, Warsaw, Studies and Analyses, no. 39.
Sachs, Jeffrey D. and Wing Thye Woo (1994) ‘Structural Factors in the Economic Reforms in China, Eastern Europe, and the Former Soviet Union’, Economic Policy, vol. 18 (April).
WEO (1994) World Economic Outlook, International Monetary Fund (October).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1998 International Economic Association
About this chapter
Cite this chapter
Dąbrowski, M. (1998). Strategies of Transition: A Political Economy Approach. In: Lin, J.Y. (eds) Contemporary Economic Issues. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26723-1_6
Download citation
DOI: https://doi.org/10.1007/978-1-349-26723-1_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-26725-5
Online ISBN: 978-1-349-26723-1
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)