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Thirteen Years of Gradualism — Inhibiting Transition in Slovenia?

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  • Rado Pezdir

Abstract

Slovenia is the most developed transition country and it is believed that this is due to the gradualist economic policy which has dominated the transition period. But what does the gradual economic policy mean for further development? Was the choice of gradual economic policy a good decision for the short term only, and not for the long term as well? This article provides some deeper insight into industry-science relations and competition policy in the context of gradualism, and shows that the results of such policy are ambiguous, sheltering some market participants at the expense of others. The consequence might be Slovenia lagging behind other transition countries in the future. In other words, the gradualist concept that was seen as a rational choice for policy makers at the beginning of transition has come to its end.

Suggested Citation

  • Rado Pezdir, 2006. "Thirteen Years of Gradualism — Inhibiting Transition in Slovenia?," Post-Communist Economies, Taylor & Francis Journals, vol. 18(1), pages 51-68.
    • Handle: RePEc:taf:pocoec:v:18:y:2006:i:1:p:51-68
    DOI: 10.1080/14631370500505180
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    References listed on IDEAS

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    1. Stanley Fischer & Ratna Sahay, 2000. "The Transition Economies After Ten Years," NBER Working Papers 7664, National Bureau of Economic Research, Inc.
    2. Mr. Stanley Fischer & Ms. Ratna Sahay, 2000. "The Transition Economies After Ten Years," IMF Working Papers 2000/030, International Monetary Fund.
    3. Philippe Aghion & Wendy Carlin & Mark Schaffer, 2002. "Competition, Innovation and Growth in Transition: Exploring the Interactions between Policies," William Davidson Institute Working Papers Series 501, William Davidson Institute at the University of Michigan.
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    Cited by:

    1. Sustersic, Janez, 2009. "Endogenous gradualism and the Slovenian puzzle," China Economic Review, Elsevier, vol. 20(2), pages 265-274, June.

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