The Transition Process: It’s All About People, Isn’t it?

Marko Skreb
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Marko Skreb: Bank of Albania

Zagreb International Review of Economics and Business, 2001, vol. 4, issue 1, 91-102

Abstract: Transition process is done for the people and by the people. They are the main objective (increasing their welfare), the main engine (through human and social capital) and the main constraint (rent-seeking behaviour and lack of political support). Policy makers have to ask themselves whether they have checked progress in transition against increasing welfare, nurtured human and social capital, and anticipated the obstacles to transition. Transition economies must realise that their success lies within them. Openness to the world is essential, but policy makers must look inside their own respective countries and find specific answers to problems for their better future.

Keywords: Transition Process; Political Economy of Reform; Croatia (search for similar items in EconPapers)
JEL-codes: P20 (search for similar items in EconPapers)
Date: 2001
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