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The Future Role of the State in Eastern Europe

In: Globalization and National Economic Welfare

Author

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  • M. Panić

    (University of Cambridge)

Abstract

Many people, not least economists, would probably find it difficult at present [1991] to believe that the state has any useful role to play in the economic reconstruction and long-term development of Eastern Europe (including former members of the Soviet Union). After all, is it not the all-pervasive power and incompetence of governments that is responsible for the economic and, in some cases, political disintegration that has taken place in these countries since 1989? The main task facing ‘centrally planned economies’ is, surely, to wrest power from the state, leaving it as little responsibility as possible (see, for instance, Kornai 1990).

Suggested Citation

  • M. Panić, 2003. "The Future Role of the State in Eastern Europe," Palgrave Macmillan Books, in: Globalization and National Economic Welfare, chapter 4, pages 96-114, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51248-1_4
    DOI: 10.1057/9780230512481_4
    as

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