Measuring Progress in Transition

Oleh Havrylyshyn

Chapter 2 in Divergent Paths in Post-Communist Transformation, 2006, pp 47-77 from Palgrave Macmillan

Abstract: Abstract There is a broad consensus amongst experts that Central Europe and the Baltics have progressed much further towards a market economy than have countries of the Commonwealth of Independent States (CIS); and that of the latter, Belarus, Turkmenistan and, arguably, Uzbekistan have not changed much. Such a view is also widely held by the citizens of these countries. While such broad judgments are probably correct, for analytical purposes it is surely better to have a more rigorous, objective measure of transition progress. Unfortunately, there can be no single measure of a country’s progress along this path since transformation from a centrally-planned economy with state ownership to a market economy with private ownership involves more than changes in economic arrangements, and encompasses political, social and — as is increasingly recognized — institutional changes.

Keywords: Foreign Direct Investment; Civil Liberty; Institutional Reform; Transition Country; Price Liberalization (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50285-7_3

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DOI: 10.1057/9780230502857_3

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