Ten Years after: What is Special About Transition Countries?
31 Pages Posted: 2 Apr 2001
Date Written: August 2000
Abstract
Most countries commonly classified as "in transition" are still recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the "software" necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.
Keywords: Transition economies, development level
JEL Classification: P20, P52
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
From Plan to Market: Patterns of Transition
By Martha De Melo, Cevdet Denizer, ...
-
By Martha De Melo, Cevdet Denizer, ...
-
Growth in Transition: What We Know, What We Don't and What We Should
-
Growth in Transition: What We Know, What We Don'T, and What We Should
-
The Transition Economies after Ten Years
By Stanley Fischer and Ratna Sahay
-
The Transition Economies after Ten Years
By Stanley Fischer and Ratna Sahay
-
The Transition Economies after Ten Years
By Stanley Fischer and Ratna Sahay
-
The Soviet Economic Decline: Historical and Republican Data
By William Easterly and Stanley Fischer