Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions

The post-communist transition in the former Soviet Union (FSU) cannot be considered entirely successful, especially in the political and institutional spheres. Nevertheless, in the economic sphere, the transition process succeeded in rebuilding the foundations of market economies based on private ow...

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Main Author: Marek Dabrowski
Format: Article
Language:English
Published: Voprosy Ekonomiki 2023-04-01
Series:Russian Journal of Economics
Online Access:https://rujec.org/article/104761/download/pdf/
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author Marek Dabrowski
author_facet Marek Dabrowski
author_sort Marek Dabrowski
collection DOAJ
description The post-communist transition in the former Soviet Union (FSU) cannot be considered entirely successful, especially in the political and institutional spheres. Nevertheless, in the economic sphere, the transition process succeeded in rebuilding the foundations of market economies based on private ownership by the early 2000s, even if the adopted­ policies and institutions have proved suboptimal and distortive in many countries. The transition experience in the FSU region has demonstrated a correlation between political and economic reforms, with a strong impact of the former on the latter. The deficit of democracy, civil freedoms and the rule of law has negatively impacted the course of the economic transition, causing significant delay, distortions and partial reversals.
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spelling doaj.art-5a513c78e6bf4bc3a99d56351d39bce62023-04-15T08:11:03ZengVoprosy EkonomikiRussian Journal of Economics2405-47392023-04-019113210.32609/j.ruje.9.104761104761Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensionsMarek Dabrowski0BruegelThe post-communist transition in the former Soviet Union (FSU) cannot be considered entirely successful, especially in the political and institutional spheres. Nevertheless, in the economic sphere, the transition process succeeded in rebuilding the foundations of market economies based on private ownership by the early 2000s, even if the adopted­ policies and institutions have proved suboptimal and distortive in many countries. The transition experience in the FSU region has demonstrated a correlation between political and economic reforms, with a strong impact of the former on the latter. The deficit of democracy, civil freedoms and the rule of law has negatively impacted the course of the economic transition, causing significant delay, distortions and partial reversals.https://rujec.org/article/104761/download/pdf/
spellingShingle Marek Dabrowski
Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
Russian Journal of Economics
title Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
title_full Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
title_fullStr Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
title_full_unstemmed Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
title_short Thirty years of economic transition in the former Soviet Union: Microeconomic and institutional dimensions
title_sort thirty years of economic transition in the former soviet union microeconomic and institutional dimensions
url https://rujec.org/article/104761/download/pdf/
work_keys_str_mv AT marekdabrowski thirtyyearsofeconomictransitionintheformersovietunionmicroeconomicandinstitutionaldimensions