Central European Business Review 2021, 10(2):43-61 | DOI: 10.18267/j.cebr.277

Three Models of Post-Communist Transformation and Lessons Learned

Ivan Mikloš1
1 Former Deputy Prime Minister and Minister of Finance of the Slovak Republic, President of economic think-tank MESA10, Visiting Professor, Central European University, School of Public Policy, Wien, Austria, miklos@mesa10.org

The paper analyses the experience of post-communist transformation. It focuses on preconditions and causes of differences in the success of this process in different countries. The paper, in contrast to the traditional basic division of transformation strategies into gradualist and radical, brings a new perspective. Defining a third, spontaneous transformation trajectory, characteristic of countries unsuccessful in transformation. The paper also points to examples of the transition between individual transformation trajectories and strategies (especially on the example of Slovakia and Georgia).

Keywords: post-communist transformation; transitional economies; gradualist transformation; radical transformation; spontaneous transformation; reform process; economic system; economic reforms; transition recession; socialist system
JEL classification: M20, P20

Received: February 25, 2021; Revised: March 25, 2021; Accepted: April 28, 2021; Prepublished online: May 27, 2021; Published: June 1, 2021  Show citation

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Mikloš, I. (2021). Three Models of Post-Communist Transformation and Lessons Learned. Central European Business Review, 10(2), 43-61. doi: 10.18267/j.cebr.277
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    References

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