IDEAS home Printed from https://ideas.repec.org/a/cos/epaper/v5y2009p3-17.html
   My bibliography  Save this article

Twenty Years of Economic Transition: Successes and Failures

Author

Listed:
  • Jens HÖLSCHER

    (University of Brighton, United Kingdom)

Abstract

This study takes stock of 20 years of economic transition amidst a global economic crisis. The period from the fall of the Berlin wall up to the present day is reviewed to identify successes and failures. In general, the high hopes and expectations at the beginning of the system transformation have been disappointed. There has been some progress in Central and Eastern Europe; this stands in stark contrast to the social costs incurred by rapid mass privatization in countries of the former Soviet Union. In addition, the Washington consensus is found to be flawed and partly responsibleforthefailures. With economic theory in self-consideration, the transition countries call for an institutionalist approach that includes historical time.

Suggested Citation

  • Jens HÖLSCHER, 2009. "Twenty Years of Economic Transition: Successes and Failures," The Journal of Comparative Economic Studies (JCES), The Japanese Society for Comparative Economic Studies (JSCES), vol. 5, pages 3-17, December.
    • Handle: RePEc:cos:epaper:v:5:y:2009:p:3-17
    as

    Download full text from publisher

    File URL: http://www.kier.kyoto-u.ac.jp/~ces/jces/05_jces_2009/03_Holscher_Paper.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:bla:jcmkts:v:47:y:2009:i::p:863-889 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard Pomfret, 2010. "Constructing Market-based Economies in Central Asia: A Natural Experiment?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 7(2), pages 449-467, December.

    More about this item

    Keywords

    transition; economic systems;

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • F02 - International Economics - - General - - - International Economic Order and Integration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cos:epaper:v:5:y:2009:p:3-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hiroaki Hayashi (email available below). General contact details of provider: https://edirc.repec.org/data/jscesea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.