Economics at your fingertips  

Poverty in “Transition”: 30 Years After and in the Pandemic

Aleksandr Gevorkyan and Jacob Assa

American Journal of Economics and Sociology, 2021, vol. 80, issue 4, 1233-1258

Abstract: This article chronicles the evolution of poverty in the formerly socialist economies of Central and Eastern Europe and the former Soviet Union. The article is an analytical review covering the 30 years since the launch of market reforms with a reflection on the impacts of the COVID‐19 pandemic. The theoretical assumption in the 1990s of a seamless transition from a socialist, state‐led economy to a capitalist, market‐driven economy remained just that—an assumption. Many of the tangible improvements in living standards for the bulk of the population of the post‐socialist era have yet to materialize. Focusing on the smallest post‐socialist economies, with a bigger picture in mind, this study argues that a crisis of human well‐being has been lurking in the background—behind macroeconomic stabilization and growth since the early 2000s. This article contributes to the literature on socioeconomic resilience, restructuring, critical perspectives on poverty, and efforts to define and measure poverty holistically.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

Page updated 2023-06-15
Handle: RePEc:bla:ajecsc:v:80:y:2021:i:4:p:1233-1258