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Postsocialist Transformation

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  • Grzegorz W. Kolodko

Abstract

[eng] The postsocialist systemic transformation is a historic process of gradual transition from centrally-planned socialist economy based on the domination of state ownership and bureaucratic regulation to capitalist free-market economy based on the domination of private ownership of the means of production and on liberal deregulation. It is an incredibly complex process, which depends on and has a bearing on factors of not only economic, but also social and political significance. Economically, the transformation consists of three parallel, interconnected processes : liberalisation and macroeconomic stabilisation ; institution building ; microeconomic restructuring. Only when these processes take place in an integrated fashion do we witness a systemic transformation, that is, the abolition of the old system and its replacement by a new one. The author analyses this concept in eastern economies. . JEL classifications : P20 [fre] La mutation post-socialiste . La mutation systémique post-socialiste est un processus historique de transition progressive d’une économie socialiste planifiée fondée sur la domination de la propriété d’État vers une économie de marché capitaliste. C’est un processus extrêmement complexe, qui a de fortes implications non seulement économiques mais aussi sociales et politiques. Sur le plan économique, la mutation consiste en trois processus parallèles étroitement liés : la libéralisation et stabilisation macroéconomique, le développement institutionnel et la restructuration microéconomique. Ce n’est que lorsque ces processus ont lieu de manière intégrée que nous constatons une mutation systémique, c’est-à-dire l’abolition de l’ancien système et son remplacement par un nouveau. C’est ce concept que l’auteur tente d’analyser dans les économies de l’Est. . Classification JEL : P20

Suggested Citation

  • Grzegorz W. Kolodko, 2001. "Postsocialist Transformation," Revue d'Économie Financière, Programme National Persée, vol. 6(1), pages 147-159.
    • Handle: RePEc:prs:recofi:ecofi_1767-4603_2001_hos_6_1_4557
    DOI: 10.3406/ecofi.2001.4557
    Note: DOI:10.3406/ecofi.2001.4557
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    References listed on IDEAS

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    1. Daniel Cohen, 1998. "The Wealth of the World and the Poverty of Nations," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262032538, April.
    2. Mr. Grzegorz W. Kolodko, 2000. "Globalization and Catching-Up: From Recession to Growth in Transition Economies," IMF Working Papers 2000/100, International Monetary Fund.
    3. G. Kolodko, 2000. "Globalization and Catching-up. From Recession to Growth in Transition Economies," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 10.
    4. Zhaohui Chen & Mr. Jorge A Chan-Lau, 1998. "Financial Crisis and Credit Crunch as a Result of Inefficient Financial Intermediation—with Reference to the Asian Financial Crisis," IMF Working Papers 1998/127, International Monetary Fund.
    5. Michael D. Bordo & Barry Eichengreen & Douglas A. Irwin, 1999. "Is Globalization Today Really Different than Globalization a Hunderd Years Ago?," NBER Working Papers 7195, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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