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The Transition Economies: Eastern Europe and Central Asia

In: Poverty and Exclusion in a Global World

Author

Listed:
  • A. S. Bhalla
  • Frédéric Lapeyre

Abstract

After the fall of the Berlin Wall in 1989, a neoliberal counterrevolution occurred within most of the former Central and Eastern Europe including the former Soviet Union. The countries in this region rejected all hybrid forms of market socialism on the grounds that this so-called ‘third way‘ had proved to be unworkable. Kornai (1986) played a major role in that radical shift of Eastern European elite on the efficiency and reformability of socialist systems.

Suggested Citation

  • A. S. Bhalla & Frédéric Lapeyre, 2004. "The Transition Economies: Eastern Europe and Central Asia," Palgrave Macmillan Books, in: Poverty and Exclusion in a Global World, edition 0, chapter 5, pages 127-150, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-00562-4_5
    DOI: 10.1057/9780230005624_5
    as

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