The Future Role of the State in Eastern Europe

M. Panić
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M. Panić: University of Cambridge

Chapter 4 in Globalization and National Economic Welfare, 2003, pp 96-114 from Palgrave Macmillan

Abstract: Abstract Many people, not least economists, would probably find it difficult at present [1991] to believe that the state has any useful role to play in the economic reconstruction and long-term development of Eastern Europe (including former members of the Soviet Union). After all, is it not the all-pervasive power and incompetence of governments that is responsible for the economic and, in some cases, political disintegration that has taken place in these countries since 1989? The main task facing ‘centrally planned economies’ is, surely, to wrest power from the state, leaving it as little responsibility as possible (see, for instance, Kornai 1990).

Keywords: Economic System; Socialist Economy; Capitalist Economy; Future Role; Individual Enterprise (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51248-1_4

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DOI: 10.1057/9780230512481_4

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