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Property Rights in Transition Countries

In: Palgrave Dictionary of Emerging Markets and Transition Economics

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  • Christopher A. Hartwell

Abstract

The development of property rights is the most important institutional reform in the transition from communism to capitalism but has been comparatively neglected in some countries in favour of other institutions. This chapter looks at the theoretical basis behind the determination of property rights more broadly, and how these various theories apply (or do not apply) in a transition context. We also examine closely the experience of various transition countries and how property rights protection diverged across economies. The key result of this examination is that property rights illustrate the ‘indivisibility of reforms’ in transition, but that there must be a concerted effort to continually protect these rights as other, mainly political, institutions grow around them.

Suggested Citation

  • Christopher A. Hartwell, 2015. "Property Rights in Transition Countries," Palgrave Macmillan Books, in: Jens Hölscher & Horst Tomann (ed.), Palgrave Dictionary of Emerging Markets and Transition Economics, chapter 9, pages 170-189, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-37138-6_10
    DOI: 10.1007/978-1-137-37138-6_10
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