Seven things I learned about transition from communism

Andrei Shleifer 05 February 2012

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Recently, I was asked by the organisers of the IIASA conference1 to mark the 20th anniversary of the beginning of economic reforms in Eastern Europe and former Soviet Union to comment on the lessons of transition. The assignment presumably refers to the things that I learned – as an economist – that are different from what I believed initially. Such a recollection free from hindsight bias is challenging, but I tried. This list might be useful to future reformers, although there are not so many communist countries left.

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Topics:  Development Global economy Politics and economics Welfare state and social Europe

Tags:  Russia, communism, Transition economies, capitalism

Political protest and economic reform: Lessons from The Great Transition

László Bruszt, Jan Fidrmuc, Nauro F Campos, Gérard Roland 07 May 2010

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Throughout the 1990s, two opposing views were put forward about the political conditions that are conducive to the success of economic reforms. According to the first, success of reform depends on factors that can diminish the chances of politicising issues of economic transformation, such as strong power concentration, insulation of reformers from political pressures or a speed of reforms that does not allow time for the potential opponents of reforms to get organised and resist change (Przeworski 1991, Lipton and Sachs 1990).

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Topics:  Politics and economics

Tags:  communism, political protests, economic and political reforms

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