The Process of Socialist Economic Transformation
Bibliographic Data
| ID | 4029447 |
|---|---|
| Authors | Stanley Fischer (Professor of Economics at MIT, Cambridge, Massachusetts and Research Associate of the National Bureau of Economic Research, Cambridge, Massachusetts; Chief Economist at the World Bank.), Alan Gelb (Chief of the Socialist Economies Unit, World Bank, Washington, D.C..) |
| Year | 1991 |
| Volume | 5 |
| Issue | 4 |
| Pages | 91-105 |
| Publication date | 1991-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.5.4.91 |
| OpenAlex | W1998363213 |
| Language | EN |
| Citations received | 55 |
| References cited | 2 |
In this paper, we consider the reform process in those Central and East European countries that have made the decision to move from a more-or a less-planned socialist system to a private market economy, one in which private ownership predominates and most resources are allocated through markets. Because the reform process is both complex and intertwined with political factors-especially the shift towards representative democracy-and because there are substantial differences among the reforming countries, no single detailed road map can guide the way to the new systems. Rather, the paper sets out general considerations that provide a framework for reform and relates the choices to some initial conditions of the various reforming countries. (The framework applies also to the Soviet Union, or in the event of its disintegration, to its successor states as they move to market systems
Democracy · Economic reform · Economic system · Economic transformation · Economics · Market economy · Planned economy · Political economy · Political science · Politics · Socialist economics · Socialist market economy · Soviet union · Successor cardinal · European Monetary and Fiscal Policies · Law · Post-Communist Economic and Political Transition · Russia and Soviet political economy
Socio-spatial change in Lithuania – Depopulation and increasing spatial inequalities
Differing Effects of the Global Financial Crisis on the Central Asian Countries
Regional institutional development, political connections, and entrepreneurial performance in China’s transition economy
How Far Has the Transition Progressed
State Power, Institutional Change, and the Politics of Privatization in Russia
Evolution in Economic Geography
Strong Legacies and Weak Markets
A Political Economy Approach to the Neoclassical Model of Transition
Mass privatisation and the post-communist mortality crisis
Die Transformation Ostdeutschlands
Global restructuring and the Polish state
Networks and Institutions in Europe's Emerging Markets
Growing Economic Links and Regional Development in the Central Asian Republics and Xinjiang, China
Growth in Transition
Economic Transformation in Angola
Financing Healthcare in Central and Eastern European Countries
İktisadi Büyüme ve Tüketim Harcamaları Arasındaki İlişki
Economists’ politics of transition in Russia, 1990–1998
China’s Accession to the WTO and the Collapse That Never Was
Governance and Democratization since the 2008 Financial Crisis
Administrative Reform and Economic Development
Market Socialism in North Korea
On the Rational Sequencing of Enterprise Reform
Putin's Challenge
Slovakia's Neoliberal Turn
The Road to Financialization in Central and Eastern Europe
Die Krise holistischer Politikansätze und das Projekt der gesteuerten Systemtransformation
The meaning and validity of East Germany’s demise
Old debts and new beginnings
Managing adjustment costs, political authority, and the implementation of adjustment programs, with special reference to African countries
Waiting for change
How transition paths differ
Banking in transition
Why Precarious Work Is Bad for Health
Foreign Direct Investment and Economic Growth
Support for Market Economy Principles in European Post-communist Countries during 1999-2008
Impediments to the Diversification of Rural Economies in Central and Eastern Europe
Economic Transformation in Central Asia
How do farmers respond to rural development policy challenges? Evidence from Macedonia, Serbia and Bosnia and Herzegovina
Factors of subjective household economic well-being in transition countries
Postcommunist divergence
The World Bank and the process of transition in Eastern Europe
After the Rectifying Revolution
The Transformation of the Urban Housing System in China
Privatization in Transition Countries
The Nature and Direction of Economic Reform in North Korea
Post‐unification dissatisfaction, or why are so many East Germans unhappy with the new political system
East Germany as a unique case of societal transformation
Timing is Everything
Beyond Manichean economics
Stabilization and Growth in Transition Economies
Mass Privatization, State Capacity, and Economic Growth in Post-Communist Countries
Foreign Direct Investment and transition
Post-Socialist Culture and Entrepreneurship
The State-Led Transition to Liberal Capitalism
| Unique citing works | 55 |
|---|---|
| Citations per year | 1,62 |
| Citation span | 1992 - 2026 (35) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 47 |