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Conclusion and Policy Recommendations

In: Institutional Barriers in the Transition to Market

Author

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  • Christopher A. Hartwell

Abstract

This book has taken a unique look at institutions, hoping to clarify the debate regarding institutions and their role in the transition process through a much more rigorous look at the concept of “institutions.” While there remains more work to be done, both conceptually and empirically, on understanding the relation of institutions to economic activity and human actions more broadly, this book has focused on the subset of countries undertaking a change from a centrally planned economy to a market-oriented one beginning in 1989. The transition experience of these countries, located mainly in Central and Eastern Europe and across the vast Eurasian landmass where the Soviet Union once stood, was an experiment on a vast scale in the reordering of the “mechanisms of mass and regular human interactions” (in the words of Balcerowicz 1995) and thus offered an important and accelerated view of how institutions form, reform, change, and expire.

Suggested Citation

  • Christopher A. Hartwell, 2013. "Conclusion and Policy Recommendations," Studies in Economic Transition, in: Institutional Barriers in the Transition to Market, chapter 7, pages 204-210, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-1-137-32371-2_7
    DOI: 10.1057/9781137323712_7
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