Context and Uniqueness of Transition Economies

Leo Dana and Veland Ramadani ()
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Veland Ramadani: South-East European University

A chapter in Family Businesses in Transition Economies, 2015, pp 39-69 from Springer

Abstract: Abstract Transition to a market economy involves profound economic changes, and sometimes—but not necessarily—political change as well. In Europe, economic transition was coupled with political transformation, the resulting context being unprecedented and remaining unique. Central to transition are the cultural assumptions of a social system. Rapid regulatory reform does necessarily lead to rapid or easy transition unless mindset adapts simultaneously.

Keywords: Transition; Socialism; Market economy; Shock-therapy; Gradualism; Models of transition (search for similar items in EconPapers)
Date: 2015
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Working Paper: Context and uniqueness of transition economies (2015)
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DOI: 10.1007/978-3-319-14209-8_3

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