Transition, Integration and Catching Up: Income Convergence between Central and Eastern Europe and the European Union
Almost a quarter of a century has passed since the start of the transition towards democracy and a market economy in Central and Eastern Europe (CEE). In the process of shedding the legacy of the planned economy in the early 1990s, countries in the region were facing similar problems due to the shar...
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Veröffentlicht in: | Mondes en développement 2014-01, Vol.42 (167), p.73-92 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Almost a quarter of a century has passed since the start of the transition towards democracy and a market economy in Central and Eastern Europe (CEE). In the process of shedding the legacy of the planned economy in the early 1990s, countries in the region were facing similar problems due to the shared political and economic system shaped for decades by Communist ideology. Accordingly, they adopted similar economic reforms aimed at establishing functioning market economies and collectively suffered a severe decline in aggregate output during this period. However, disparities in their initial conditions and in the sequencing, speed, and depth of reform implementation produced vastly different results across CEE. While some countries, like the Czech Republic, have managed to almost completely overcome the burden of their Communist past, others, like Belarus, still exhibit many of the traits of a state-run economy. Adapted from the source document. |
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ISSN: | 0302-3052 |
DOI: | 10.3917/med.167.0073 |