Ten Years After: What is Special about Transition Countries?

Daniel Gros and Marc Suhrcke

No 327, CESifo Working Paper Series from CESifo

Abstract: Most countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the 'software' necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.

Keywords: Transition economies; development level (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (51)

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Working Paper: Ten Years After: What Is Special about Transition Countries? (2000)
Working Paper: Ten years after: What is special about transition countries? (2000)
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