Pathways from and Crises after Communism Part 2. The Case of Former USSR and China

The transition from socialist redistributive economy to capitalist markets has proved to be a rockier road that anticipated. The degree and character of difficulties that the countries faced during the transition depended on the nature of the pathways taken. In this paper I distinguish three major t...

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Bibliographic Details
Main Author: SZELENYI, Ivan
Format: Article
Language:English
Published: Belvedere Meridionale LTD. 2015-03-01
Series:Belvedere Meridionale
Subjects:
Online Access:http://www.belvedere-meridionale.hu/wp-content/uploads/2015/04/01_szelenyi_2015_01.pdf
Description
Summary:The transition from socialist redistributive economy to capitalist markets has proved to be a rockier road that anticipated. The degree and character of difficulties that the countries faced during the transition depended on the nature of the pathways taken. In this paper I distinguish three major trajectories various countries followed: Central European neo-liberalism; post USSR neo-patrimonial regime and the East Asian (Chinese and Vietnamese) transformation from below. Rather than distinguishing the “right way” from the “wrong way” I explore what the diff erent costs and benefi ts of the various pathways were at various stages of the transformation.
ISSN:1419-0222
2064-5929