After the Wall Fell: The Poor Balance Sheet of the Transition to Capitalism

Milanovic, Branko

doi:10.1080/05775132.2015.1012402

Cited by 5 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Apart from foreign penetration (which creates problems in its own right for social dialogue), economic and social indicators in the region, except for Slovenia, and despite considerable growth, are not encouraging. In a hypothetical ranking of transitional success, Milanović (2014) places Croatia and North Macedonia among relative failures, and Serbia, Montenegro (by extension) plus Bosnia and Herzegovina among the definite failures. More surprisingly, Milanović positions Albania among the success stories, mainly because of its relatively high growth rates (see Figure 16.1), while acknowledging that it still may not be a consolidated democracy.…”

Section: Diverging Trajectories During Democratic Transition and Consolidationmentioning

confidence: 99%

Social dialogue and the future of work in the Adriatic region

Guardiancich¹

2021

The New World of Work

View full text Add to dashboard Cite

The Adriatic region, as defined here, is composed of the former Yugoslav republics plus Albania. It makes sense to study social dialogue and the future of work in Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Serbia and Slovenia as a group owing to their common economic, political and industrial relations legacy, stemming from the Socialist Federal Republic of Yugoslavia, which adopted its very own version of selfmanaged socialism. The federation disintegrated after Slovenians and Croatians voted for and declared

show abstract

Section: Diverging Trajectories During Democratic Transition and Consolidationmentioning

confidence: 99%

Social dialogue and the future of work in the Adriatic region

Guardiancich¹

2021

The New World of Work

View full text Add to dashboard Cite

show abstract

“…Other countries seemed to be muddling through the transition spanning the years between the fall of communism in 1989 and the EU's Eastern Enlargement; they experimented with a mix of liberalism and social protection measures and earned criticism for their lack of resolution in pursuing “reforms.” In contrast, Poland seemingly represented the success story of sustained growth thanks to liberalising and welfare retrenchment measures. Its “successful” path continued unabated even by the crisis years of the late 2000s (Milanovic, 2015). Economic and political liberalism seemed in both countries to be the dominant paradigm for policy, with right‐wing alternatives hardly standing a chance to compete with it (Morlang, 2003; Tavits & Letki, 2009).…”

Section: The Resurgence Of Economic Nationalism In East Central Europementioning

confidence: 99%

The return of economic nationalism to East Central Europe: Right‐wing intellectual milieus and anti‐liberal resentment

Varga

2020

Nations and Nationalism

View full text Add to dashboard Cite

This article emphasises the non‐economic goals of economic nationalism and in particular its often overlooked political goals. Drawing parallels between economic nationalisms in Central Europe and East Asia, it focuses on Poland and Hungary and asks why did these countries turn to economic nationalism. The article traces this turn to ideational foundations developed by right‐wing intellectuals over the last two decades, arguing that right‐wing intellectuals believed that liberalism has failed what they conceived of its most important (political) purpose, the need of a radical break with the communist past. Based on a study of the writings and careers of leading Polish and Hungarian right‐wing intellectuals, the article draws attention to the nature of the perceived threat to the nation. It contributes to the sociology of nationalism an analysis of how such a threat emerges and translates into a guiding idea of illiberal economic policies.

show abstract

“…The economic transformation from centrally planned to market economies undertaken by the newly independent countries in the former eastern bloc in the late 1980s and early 1990s is a subject of both detailed and exhaustive scholarly debate (Fischer, 1993; Hall & Elliott, 1999; Iwasaki & Suzuki, 2020; Kornai, 1994; Marangos, 2003; Popov, 2007; Roland, 2002; Sachs, 1992; Shleifer, 1997; Stiglitz, 2000). Up to the present day, the former centrally planned economies differ considerably in terms of the level of prosperity, economic development and speed of transition to liberal capitalism (Milanovic, 2015). In terms of concrete example, in 2021, the Czech Republic boasted of both a high standard of living and GDP per capita that is comparable to that of Japan, while, on the other hand, Uzbekistan's per capita GDP and standard of living is comparable to India.…”

Section: Introductionmentioning

confidence: 99%

Using synthetic control method to estimate the growth effects of economic liberalisation: Evidence from transition economies

Kantorowicz,

Spruk

2023

World Economy

View full text Add to dashboard Cite

We examine the contribution of institutional reforms to economic growth. To this end, we distinguish between several classes of institutional reform in the approach to economic liberalisation. Based on a sample of 24 current and former transition economies for the period 1980–2016, we estimate the counterfactual scenarios related to each distinctive institutional approach to the economic liberalisation by making use of the synthetic control method. Our evidence uncovers notable contrasts in the long‐term effectiveness of designated policy approaches in recovering from the transitional recession. A variety of synthetic control estimates suggests that a sustained big bang approach (rapid reforms) appears to be the most effective approach, while an abortive and gradualist approach tends to produce a permanent breakdown of the growth trajectories relative to the estimated counterfactuals. The point estimates survive an extensive battery of placebo tests. By employing the same methodological tool kit, future research could examine the impact of transition reforms on other socio‐economic variables, such as the poverty rates, income inequalities, health and environmental outcomes.

show abstract

After the Wall Fell: The Poor Balance Sheet of the Transition to Capitalism

Cited by 5 publications

References 0 publications

Social dialogue and the future of work in the Adriatic region

Social dialogue and the future of work in the Adriatic region

The return of economic nationalism to East Central Europe: Right‐wing intellectual milieus and anti‐liberal resentment

Using synthetic control method to estimate the growth effects of economic liberalisation: Evidence from transition economies

Contact Info

Product

Resources

About