The Transition Economies: Eastern Europe and Central Asia

A. S. Bhalla and Frédéric Lapeyre

Chapter 5 in Poverty and Exclusion in a Global World, 2004, pp 127-150 from Palgrave Macmillan

Abstract: Abstract After the fall of the Berlin Wall in 1989, a neoliberal counterrevolution occurred within most of the former Central and Eastern Europe including the former Soviet Union. The countries in this region rejected all hybrid forms of market socialism on the grounds that this so-called ‘third way‘ had proved to be unworkable. Kornai (1986) played a major role in that radical shift of Eastern European elite on the efficiency and reformability of socialist systems.

Keywords: Real Wage; Gini Coefficient; Transition Economy; Purchase Power Parity; Economic Security (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00562-4_5

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DOI: 10.1057/9780230005624_5

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