Transition from plan to market


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Transition from plan to market

Vis færre oplysninger Mygind, Niels 2011-11-23 2012-08-16T10:53:13Z 2012-08-16T10:53:13Z 2012-08-16
dc.description.abstract This paper gives an overview over how far transition has proceeded and what is still lacking in the process. The analytical framework – the PIE model for Politics, Institutions, Economy – is introduced. The model is first used to point to the main reasons for the fall of the command economy. Then it is used to identify the barriers for transition of the institutional system and the restructuring of the economy. This includes an analysis of the different factors behind the steep fall in production in the first years of transition. It is shown that countries implementing a tough stabilization and a comprehensive and consequent liberalization have been most successful in the process. A fast and comprehensive privatization, on the other hand, has not been sufficient for the necessary restructuring of enterprises. Decisive for success in transition has been transformation of the state as a crucial part of the development of new political and economic institutions implementing well functioning, clear and stable rules of the game for private enterprises. The institutional development has been important for the attractiveness of foreign investments - important for restructuring enterprises as part of a positive circle for the transition process. en_US
dc.format.extent 27 en_US
dc.language eng en_US
dc.publisher Center for International Business and Emerging Markets en_US
dc.relation.ispartofseries CIBEM Working Paper Series;
dc.title Transition from plan to market en_US
dc.type wp en_US
dc.accessionstatus modt12aug16 anmn en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse en_US
dc.contributor.departmentshort INT en_US
dc.contributor.departmentuk Department of International Economics and Management en_US
dc.contributor.departmentukshort INT en_US
dc.idnumber x656316755 en_US Frederiksberg en_US
dc.publisher.year 2011 en_US
dc.title.subtitle A PIE analysis 2011 en_US

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