Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ?
Abstract: The article attempts to define the relevant yardsticks that can be used to delineate the end of the transition process or, alternatively, a second stage in the post-socialist economic transformation into market capitalism. A first benchmark is EU accession, but it does not apply to non acc...
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| Format: | Article |
| Language: | English |
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Università Carlo Cattaneo LIUC
2004-06-01
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| Series: | The European Journal of Comparative Economics |
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| Online Access: | http://eaces.liuc.it/18242979200401/182429792004010101.pdf |
| _version_ | 1811318383558262784 |
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| author | Wladimir Andreff |
| author_facet | Wladimir Andreff |
| author_sort | Wladimir Andreff |
| collection | DOAJ |
| description | Abstract: The article attempts to define the relevant yardsticks that can be used to delineate the end of the transition process or, alternatively, a second stage in the post-socialist economic transformation into market capitalism. A first benchmark is EU accession, but it does not apply to non accession transitional economies. Moreover, a delay is going to appear between accession and the full benefit of common policies – a second transition period will open in May 2004. Convergence criteria are likely to postpone the end of transition for decades, if not for ever. Institution building varies significantly among transition countries, but the non accession countries are trapped for a long time in a no man’s land between the former system and a market economy with its necessary institutions. Our privileged analysis is that transition ends when the economic phenomena that are specific to transition will vanish (and the associated concepts will disappear). These are assumed to be transformational recession, transitional unemployment, barterisation, the typical informal sector and managerial entrenchment. They are not going to fade away without a second stage of transition. |
| first_indexed | 2024-04-13T12:24:30Z |
| format | Article |
| id | doaj.art-a3da33e9ccb442d0809e87e8e3df44e2 |
| institution | Directory Open Access Journal |
| issn | 1824-2979 |
| language | English |
| last_indexed | 2024-04-13T12:24:30Z |
| publishDate | 2004-06-01 |
| publisher | Università Carlo Cattaneo LIUC |
| record_format | Article |
| series | The European Journal of Comparative Economics |
| spelling | doaj.art-a3da33e9ccb442d0809e87e8e3df44e22022-12-22T02:47:04ZengUniversità Carlo Cattaneo LIUCThe European Journal of Comparative Economics1824-29792004-06-0111731Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ?Wladimir AndreffAbstract: The article attempts to define the relevant yardsticks that can be used to delineate the end of the transition process or, alternatively, a second stage in the post-socialist economic transformation into market capitalism. A first benchmark is EU accession, but it does not apply to non accession transitional economies. Moreover, a delay is going to appear between accession and the full benefit of common policies – a second transition period will open in May 2004. Convergence criteria are likely to postpone the end of transition for decades, if not for ever. Institution building varies significantly among transition countries, but the non accession countries are trapped for a long time in a no man’s land between the former system and a market economy with its necessary institutions. Our privileged analysis is that transition ends when the economic phenomena that are specific to transition will vanish (and the associated concepts will disappear). These are assumed to be transformational recession, transitional unemployment, barterisation, the typical informal sector and managerial entrenchment. They are not going to fade away without a second stage of transition.http://eaces.liuc.it/18242979200401/182429792004010101.pdftransition economiesEU enlargementeconomic convergenceinstitution buildingtransitional specificities |
| spellingShingle | Wladimir Andreff Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? The European Journal of Comparative Economics transition economies EU enlargement economic convergence institution building transitional specificities |
| title | Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? |
| title_full | Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? |
| title_fullStr | Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? |
| title_full_unstemmed | Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? |
| title_short | Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism ? |
| title_sort | would a second transition stage prolong the initial period of post socialist economic transformation into market capitalism |
| topic | transition economies EU enlargement economic convergence institution building transitional specificities |
| url | http://eaces.liuc.it/18242979200401/182429792004010101.pdf |
| work_keys_str_mv | AT wladimirandreff wouldasecondtransitionstageprolongtheinitialperiodofpostsocialisteconomictransformationintomarketcapitalism |