On the Theory of Post-Communist Economic Transition to Market

International Journal of Social Economics, Vol. 32, No. 1/2, pp. 77-97, 2005

21 Pages Posted: 28 Nov 2012

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: November 28, 2012

Abstract

The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. A literature review suggests that after the collapse of the Communist system there was no economic theory of transition to market. Whenever one considers the transition of post-Communist economies to a market system, it has to be placed on record, as this kind of transition has no precedent in history. There is as yet no special economic theory of post-Communist transformation and it is just developing.

Keywords: economic change, economic theory, transition to market economy

JEL Classification: P20, P26, P30

Suggested Citation

Papava, Vladimer, On the Theory of Post-Communist Economic Transition to Market (November 28, 2012). International Journal of Social Economics, Vol. 32, No. 1/2, pp. 77-97, 2005 . Available at SSRN: https://ssrn.com/abstract=2181867 or http://dx.doi.org/10.2139/ssrn.2181867

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

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Tbilisi, Tbilisi 0179
Georgia
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+995 32 222-5107 (Fax)

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