Title

When Is Transition Over?

Year

1999

Abstract

The transition process in which a country moves from a planned economy to a market economy offers a unique opportunity for economists and policymakers to observe and understand the effects of major institutional, legal, and political changes on economic systems. But one feature of the process that has not been considered until now is when is the process over? When has a transition progressed far enough to ensure that a market system will survive and mature? Are there institutional, economic, and political standards that countries reach that measure the level of transition attained or, indeed, show that they have completed transition?

Contents

Introduction / Annette N. Brown

  1. What is Still Missing? / Marie Lavigne
  2. The End of Transition? / Alan Gelb
  3. The End of Rent-Seeking / Anders Åslund
  4. China's Unfinished Economic Transition / Nicholas R. Lardy
  5. The Transition is Not Over, but Note the Merits of the Central European Model / Jan Švejnar
  6. Reforming the Welfare State in Postsocialist Economies / János Kornai

Note

Essays based on six presentations given at the 33rd Annual Lecture-Seminar Series of the Dept. of Economics at Western Michigan University, held during the 1997-1998 academic year. The lecture series is cosponsored by the Department and the W.E. Upjohn Institute for Employment Research.

ISBN

9780880991964 (cloth) ; 9780880991957 (pbk.)

Subject Areas

GLOBAL ISSUES; Transition economies