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Fifteen years ago, twenty-seven countries in Europe and Central Asia embarked on their economic transition paths. For some, the outcome was a considerable success. Several others are still struggling to shed the inheritance of the past and to correct more recent policy mistakes. Why were post-Communist recessions so long in some countries and growth disappointing? Why was fiscal performance so different? Was democracy a factor, which facilitated reforms or rather slowed them down? This book discusses these questions in the context of new empirical evidence, including a critical examination of the main themes in the economics of transition literature.
Published by: Palgrave Macmillan
Publication Date: 2005-01-01
Format: Paperback
ISBN-13: 9781349520862
DOI: 10.1057/9780230504349
Dimensions: 216cm x140cm
Pages: 214