What are the Lessons from Post‐Communist Transitions?
13 Pages Posted: 7 Feb 2013
Date Written: February 2013
This paper provides a review of the literature on post‐communist transitions. It outlines the debate between the proponents of rapid reforms and the advocates of neo‐institutionalism. Providing evidence from the transitional countries, it suggests an alternative approach, explicitly acknowledging the impact of two categories of constraints on reforms.
Keywords: gradualism, institutions, shock therapy, transition
JEL Classification: P2, P3, O16
Suggested Citation: Suggested Citation