Post-Communist Recessions Re-Examined
In this chapter, we wish to explore the determinants of the post-Communist recessions — i.e. the recessions experienced during the 1990s by the twenty-seven countries that emerged from the Soviet Bloc. As will be discussed in this chapter (and again in Chapter 10), most of transition theory focuses on the related but different concept of ‘transitional recession’1— i.e. the recession following the implementation of the liberalization programme.
KeywordsEconomic Transition Black Market Institutional Reform Stabilization Programme Soviet Bloc
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