Why Development Patterns Differ: The Czech and Serbian Cases Compared

Jan Svejnar and Milica Uvalic
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Milica Uvalic: University of Perugia

Chapter 10 in Institutions and Comparative Economic Development, 2012, pp 184-210 from Palgrave Macmillan

Abstract: Abstract This chapter compares the models of transition (systemic change) and development in two key countries over the 1989–2009 period, the Czech Republic (formerly part of Czechoslovakia), representing Central-East Europe (CEE), and Serbia (formerly part of socialist Yugoslavia), representing South-East Europe (SEE).1 A comparative analysis of the Czech and Serbian experiences is of interest considering their similar points of departure in 1989, but divergent patterns of systemic change, dissimilar policy dynamics, and very different outcomes. The CEE and SEE regions represent two ‘polar’ models, with the Czech Republic and Serbia being often viewed as the most ‘extreme’ cases within each. The Czech Republic is frequently cited as one of the most successful cases of transition economies and one of the fastest reformers, while Serbia has delayed many transition-related economic reforms and for years has been considered a laggard. Comparing the two countries hence brings out the distinct features of the policies and outcomes in the two regions.

Keywords: European Union; Czech Republic; Foreign Direct Investment; Federal Republic; Economic Reform (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-137-03401-4_11

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DOI: 10.1057/9781137034014_11

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