Three Models of Post-Communist Transformation and Lessons Learned
Central European Business Review, 2021, vol. 2021, issue 2, 43-61
The paper analyses the experience of post-communist transformation. It focuses on preconditions and causes of differences in the success of this process in different countries. The paper, in contrast to the traditional basic division of transformation strategies into gradualist and radical, brings a new perspective. Defining a third, spontaneous transformation trajectory, characteristic of countries unsuccessful in transformation. The paper also points to examples of the transition between individual transformation trajectories and strategies (especially on the example of Slovakia and Georgia).
Keywords: post-communist transformation; transitional economies; gradualist transformation; radical transformation; spontaneous transformation; reform process; economic system; economic reforms; transition recession; socialist system (search for similar items in EconPapers)
JEL-codes: M20 P20 (search for similar items in EconPapers)
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Faculty of Business Administration, University of Economics, Prague
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