IDEAS home Printed from https://ideas.repec.org/a/oup/oxford/v13y1997i2p23-32.html
   My bibliography  Save this article

The Political Economy of Transformation

Author

Listed:
  • Ellman, Michael

Abstract

This article gives an analysis of the political economy of transformation which stresses the major achievements of some countries, the fact that the transformation is not yet over, the existence of both winners and losers, and the limitations of transition orthodoxy. Attention is paid to the implications of transformation up until now for social philosophy and the Washington Consensus. It is argued that among the surprises of transformation were the importance of a sound banking system, of a strong, but limited, state, and the fact that transformation is a long and difficult process. In addition, the initial stress on the need for rapid privatization turned out to be one-sided. More important for the resumption of economic growth is the development of new private firms. There are political dangers on the road ahead which, for the successful applicants, will be reduced by EU membership. Copyright 1997 by Oxford University Press.

Suggested Citation

  • Ellman, Michael, 1997. "The Political Economy of Transformation," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(2), pages 23-32, Summer.
  • Handle: RePEc:oup:oxford:v:13:y:1997:i:2:p:23-32
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June.
    2. Natalia Letki & Mierina, I. (Inta), 2012. "GINI DP 45: The Power of Networks. Individual and Contextual Determinants of Mobilising Social Networks for Help," GINI Discussion Papers 45, AIAS, Amsterdam Institute for Advanced Labour Studies.
    3. Herzog, Bodo, 2006. "Coordination of fiscal and monetary policy in CIS-countries: A theory of optimum fiscal area?," Research in International Business and Finance, Elsevier, vol. 20(2), pages 256-274, June.
    4. ELLMAN, Michael, 2012. "What Did the Study of Transition Economies Contribute to Mainstream Economics?," RRC Working Paper Series Special_issue_no.2, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    5. Geoffrey M. Hodgson, 2006. "Institutions, Recessions and Recovery in the Transitional Economies," Journal of Economic Issues, Taylor & Francis Journals, vol. 40(4), pages 875-894, December.
    6. Paul Frijters & Dirk Bezemer & Uwe Dulleck, 2003. "Socialism, Capitalism, and Transition - Coordination of Economic Relations and Output Performance," Paul Frijters Discussion Papers 2003, School of Economics and Finance, Queensland University of Technology.
    7. Jaan Masso & K. Espenberg & Anu Masso & I. Mierina & Kaia Philips, 2013. "GINI Country Report: Growing Inequalities and their Impacts in the Baltic States Estonia, Latvia, Lithuania," GINI Country Reports baltics, AIAS, Amsterdam Institute for Advanced Labour Studies.

    More about this item

    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:oup:oxford:v:13:y:1997:i:2:p:23-32. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/oxrep .

    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.