Transition Economics

Turley, Gerard; Luke, Peter

doi:10.4324/9780203842911

Cited by 13 publications

(17 citation statements)

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“…In terms of the reasoning about why the transition to a market economy should be achieved speedily, radicalists underline the following three points: (a) strong demand from the international community, calling for the deterrence of backsliding into the Cold War period; (b) survival strategy for reformers who face off against pro‐communist opposing forces; and (c) the necessity of cultivating a middle class that will proactively support democracy and a market economy. In other words, the radicalists tend to stress political reasoning to justify their debate attitude toward a transition strategy (Åslund, ; Turley and Luke, ).…”

Section: Overall Structure Of the Transition Strategy Debatementioning

confidence: 99%

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Radicalism Versus Gradualism: An Analytical Survey of the Transition Strategy Debate

Iwasaki

Suzuki

2015

Journal of Economic Surveys

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Academic debate on a transition strategy for former socialist economies continues even a quarter century after the collapse of the communism in Central and Eastern Europe and the former Soviet Union. In this paper, through an analytical survey of 137 preceding studies, we present an overall picture of the debate and examine the relationship between the debate attitudes and the literature attributes in related studies. We found that the radicalists maintain a consistent debate attitude from the viewpoints of time speed and policy sequence of economic transition, while the debate attitude of the gradualists is more diversified. We also found that there is another group of researchers that stays within the framework of the radicalism-versus-gradualism debate while at the same time keeping at arm's length from both the radicalists and the gradualists. In addition, our cross tabulation analysis and regression estimation of qualitative selection models provide interesting findings on the relationship between the debate attitudes and the literature attributes.JEL classification numbers: O20, O57, P20, P30, P52

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Section: Overall Structure Of the Transition Strategy Debatementioning

confidence: 99%

“…In fact, Myant and Drahokoupil (), Turley and Luke (), and Åslund (), which represent recent basic textbooks of transition economics, devote many pages to discussing the transition strategy debate in their respective introductory chapters.…”

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confidence: 99%

Radicalism Versus Gradualism: An Analytical Survey of the Transition Strategy Debate

Iwasaki

Suzuki

2015

Journal of Economic Surveys

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“…However, even given the likelihood of such false calculations the falls in output have been excessive, and over a twenty-year period consistency in statistical production has been achieved. Other commentators point to the impact of external trade shocks, a mismatch in aggregate demand and supply of goods and services, or simply policy mistakes as the cause of falls in output (see Turley & Luke, 2011: 242–43 for a review of these arguments). Some also point to a ‘theory of disorganization’ as an explanatory factor whereby existing supply chains under the command economy have been broken by the turn to the market, and new supply chains have not yet developed in response (Blanchard & Kremer, 1997; Roland & Verdier, 1999).…”

Section: Market Failure Explanations For Persistent Divergence and Comentioning

confidence: 99%

Persistent Economic Divergence and Institutional Dysfunction in Post-Communist Economies: An Alternative Synthesis

Upchurch

2012

Competition & Change

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This paper seeks to explain the continuing lack of economic convergence and the persistence of market dysfunctionality, or wild capitalism, in post Communist transformation. An overview of key statistics on economic convergence and market failure are presented. The paper then analyses the causes of malaise through the lens of institutionalist and radical perspectives. In doing so key data is assembled and presented from documents of the international financial institutions and other agencies monitoring crime and corruption. The paper concludes that rather than encourage convergence and tame dysfunctionality, neoliberalism and its offspring of labour market reform has created the conditions for continuing economic divergence and for wild capitalism to survive and thrive. KEYWORDSPost Communist transformation, wild capitalism, market failure, institutional dysfunction, international financial institutions.

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“…Naturally, different countries, depending on their precise initial conditions and the quality of their initial post-communist leadership, followed quite diverse paths of reform, with varying success. There was extensive debate both about the pace of reform and about the most appropriate reform sequencing (Portes 1991;Hare -R ev esz 1992;Dewatripont -Roland 1995;Gros -Steinherr 2004;Turley -Luke 2011). These papers argued for gradual reforms and against a 'Big Bang' approach.…”

Section: Introductionmentioning

confidence: 99%

State-building for the market economy in Eastern Europe

Hare

2020

AOecon

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Kornai's earlier works embodied the idea that state institutions formed a system with a strong tendency to reproduce itself, and hence to resist minor reforms. Thus, at the end of socialism, huge changes were needed in politics, economics, and the law to build a new system oriented towards the market-type economy, which would again be stable, self-reinforcing and self-sustaining. Transition promoted the development of new states in Eastern Europe that conformed to the Copenhagen criteria for the EU accession. Were we too hasty in thinking that we had succeeded? The new systems are not returning to the previous one, and only in a few areas have the basic norms of a market-type economy been set aside in Hungary or Poland. But concerns arise at the interface between politics, law and economics – to do with the rule of law, the nature and role of the state, and the interactions between parliament, the executive and the judiciary. Unavoidably, there is also an interesting international dimension here, represented by the shift from the Warsaw Pact and CMEA to NATO and the EU. This paper explores these issues in the light of some of Kornai's recent analysis of developments in Hungary, while also drawing on his very insightful earlier works.

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Transition Economics

Cited by 13 publications

References 0 publications

Radicalism Versus Gradualism: An Analytical Survey of the Transition Strategy Debate

Radicalism Versus Gradualism: An Analytical Survey of the Transition Strategy Debate

Persistent Economic Divergence and Institutional Dysfunction in Post-Communist Economies: An Alternative Synthesis

State-building for the market economy in Eastern Europe

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