Effects of transition on the standard of living and social inequality
The aim of this paper is to determine the effects of the transition on the standard of living and social inequality in Poland, Hungary, Slovenia and Russia. In order to establish a market economy, these countries started economic and systemic reforms at the end of the 1980s. The goal of the transiti...
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| Format: | Article |
| Language: | English |
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Serbian Sociological Association, Belgrade
2023-01-01
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| Series: | Sociološki Pregled |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2023/0085-63202302692F.pdf |
| _version_ | 1827866152352612352 |
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| author | Filipović Sanja M. Ignjatović Jelena D. |
| author_facet | Filipović Sanja M. Ignjatović Jelena D. |
| author_sort | Filipović Sanja M. |
| collection | DOAJ |
| description | The aim of this paper is to determine the effects of the transition on the standard of living and social inequality in Poland, Hungary, Slovenia and Russia. In order to establish a market economy, these countries started economic and systemic reforms at the end of the 1980s. The goal of the transition was the establishment of a market economy and macroeconomic stability, and to ensure a higher standard of living because (with the exception of Slovenia) the GDP per capita in these countries was significantly lower than the average of the EU countries. Although they applied different approaches in the implementation of the transition, it is characteristic for all countries that in the first phase of the transition (until the mid-1990s), they had the problem of recession and hyperinflation, which, together with the inadequate privatization process, was reflected in the decline of the standard of living (in Slovenia and Russia) and the growth of inequality. Only after establishing institutional reforms and attracting FDI, in the second transition phase (until the end of the 1990s), macroeconomic stability was established, which contributed to the growth of living standards (except for Russia) and the reduction of inequality (except in Poland). |
| first_indexed | 2024-03-12T14:58:53Z |
| format | Article |
| id | doaj.art-c554bbbe9c794b459a66ff699dfaad6e |
| institution | Directory Open Access Journal |
| issn | 0085-6320 2560-4880 |
| language | English |
| last_indexed | 2024-03-12T14:58:53Z |
| publishDate | 2023-01-01 |
| publisher | Serbian Sociological Association, Belgrade |
| record_format | Article |
| series | Sociološki Pregled |
| spelling | doaj.art-c554bbbe9c794b459a66ff699dfaad6e2023-08-14T09:49:14ZengSerbian Sociological Association, BelgradeSociološki Pregled0085-63202560-48802023-01-015726927170085-63202302692FEffects of transition on the standard of living and social inequalityFilipović Sanja M.0Ignjatović Jelena D.1Univerzitet Singidunum, SerbiaAkademija strukovnih studija, Odsek za poljoprivredno-poslovne studije i turizam, Šabac, SerbiaThe aim of this paper is to determine the effects of the transition on the standard of living and social inequality in Poland, Hungary, Slovenia and Russia. In order to establish a market economy, these countries started economic and systemic reforms at the end of the 1980s. The goal of the transition was the establishment of a market economy and macroeconomic stability, and to ensure a higher standard of living because (with the exception of Slovenia) the GDP per capita in these countries was significantly lower than the average of the EU countries. Although they applied different approaches in the implementation of the transition, it is characteristic for all countries that in the first phase of the transition (until the mid-1990s), they had the problem of recession and hyperinflation, which, together with the inadequate privatization process, was reflected in the decline of the standard of living (in Slovenia and Russia) and the growth of inequality. Only after establishing institutional reforms and attracting FDI, in the second transition phase (until the end of the 1990s), macroeconomic stability was established, which contributed to the growth of living standards (except for Russia) and the reduction of inequality (except in Poland).https://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2023/0085-63202302692F.pdftransitionstandard of livingsocial inequalitymacroeconomic stability |
| spellingShingle | Filipović Sanja M. Ignjatović Jelena D. Effects of transition on the standard of living and social inequality Sociološki Pregled transition standard of living social inequality macroeconomic stability |
| title | Effects of transition on the standard of living and social inequality |
| title_full | Effects of transition on the standard of living and social inequality |
| title_fullStr | Effects of transition on the standard of living and social inequality |
| title_full_unstemmed | Effects of transition on the standard of living and social inequality |
| title_short | Effects of transition on the standard of living and social inequality |
| title_sort | effects of transition on the standard of living and social inequality |
| topic | transition standard of living social inequality macroeconomic stability |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0085-6320/2023/0085-63202302692F.pdf |
| work_keys_str_mv | AT filipovicsanjam effectsoftransitiononthestandardoflivingandsocialinequality AT ignjatovicjelenad effectsoftransitiononthestandardoflivingandsocialinequality |