Transition to Market: A Long and Undefined Journey

Pasquale Tridico

Chapter 1 in Institutions, Human Development and Economic Growth in Transition Economies, 2011, pp 29-73 from Palgrave Macmillan

Abstract: Abstract The transition from a planned to a market economy has been described using several metaphors. One of the most interesting described the transition as a jump from one side of a swamp to another, which needed to be done at once in order to avoid the impasse of being sucked into the marsh. This chapter will examine different perspectives, therapies and trajectories of this jump called ‘transition’.

Keywords: World Trade Organization; Transition Economy; Shock Therapy; Communist Country; Washington Consensus (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-31388-0_2

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DOI: 10.1057/9780230313880_2

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