Context and uniqueness of transition economies

Leo Dana and Veland Ramadani
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Veland Ramadani: SEEU - South East European University

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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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Citations: View citations in EconPapers (4)

Published in Family businesses in transition economies: management, succession and internationalization, Springer International Publishing, pp.39-70, 2015

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Chapter: Context and Uniqueness of Transition Economies (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02110712

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