The Old Regime and the Opening Balance of Transition
Chapter 1 in Economic Transition in Central Europe and the Commonwealth of Independent States, 2005, pp 3-25 from Palgrave Macmillan
Abstract At the beginning of 1989, Europe was a different place. The continent was dominated by the largest country on earth, which no longer exists: the Union of Soviet Socialist Republics (USSR). It embraced an economic system labelled by different names, ‘command economy’ being one of the more accurate. Yet seventy years earlier, the USSR had replaced another huge empire, Tsarist Russia, which had collapsed in 1917 near the end of the First World War. Later, towards the end of the Second World War, in 1944-5, a command-type economic system was imposed on several European countries — Bulgaria, Czechoslovakia, the Eastern part of Germany, Estonia, Hungary, Latvia, Lithuania, Poland and Romania.1 Lithuania, Latvia and Estonia were annexed by the USSR and declared Soviet Republics. The remaining countries preserved varying degrees of autonomy, yet with the monopoly of political power guaranteed to local Communist parties.
Keywords: Market Economy; Economic Transition; Purchasing Power Parity; Former Soviet Union; Military Expenditure (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-50434-9_1
Ordering information: This item can be ordered from
Access Statistics for this chapter
More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().