Publication:
Assistance to the Transition Economies : Were There Alternatives?

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dc.contributor.authorSvejnar, Jan
dc.date.accessioned2014-09-17T21:11:35Z
dc.date.available2014-09-17T21:11:35Z
dc.date.issued2002
dc.description.abstractTwelve years after the fall of the Berlin Wall, domestic and international analysts of the transition economies by and large agree that the transition from central planning to a market economy has been exceedingly difficult. There has also been a major debate about the extent to which the transition to date has succeeded or failed. This paper provides an assessment of the policies that were followed and discuss the extent to which there were known alternatives that can have resulted in superior outcomes in terms of: (a) gross domestic product (GDP) growth and other principal performance indicators, (b) building honest and competent institutions, and (c) creating a more transparent and less corrupt system of corporate and national governance. Section two provides a brief overview of performance since 1989. Section three presents the recommendations that were made and policies that were followed. The paper concludes in section four by assessing the extent to which alternative paths can have been followed and what the likely outcomes will have been.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/01/20161087/assistance-transition-economies-alternatives
dc.identifier.doi10.1596/20232
dc.identifier.urihttps://hdl.handle.net/10986/20232
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesOperations Evaluation Department (OED) working paper series;
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANK
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectALLOCATION OF CAPITAL
dc.subjectARREARS
dc.subjectAVAILABILITY OF CREDIT
dc.subjectBAD DEBTS
dc.subjectBAILOUTS
dc.subjectBALANCE SHEETS
dc.subjectBANK CREDIT
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK OPERATIONS
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING REFORM
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR DEVELOPMENT
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEMS
dc.subjectBANKRUPTCIES
dc.subjectBANKRUPTCY
dc.subjectBORROWER
dc.subjectBUDGET CONSTRAINT
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUDGET DEFICIT
dc.subjectBUDGET DEFICITS
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPETITIVE BIDDING
dc.subjectCONSOLIDATION
dc.subjectCONSUMER GOODS
dc.subjectCONSUMER PRICE INFLATION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST OF CAPITAL
dc.subjectCREDIBILITY
dc.subjectCREDIT CONSTRAINTS
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT POLICIES
dc.subjectCREDIT SYSTEM
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENCY BOARDS
dc.subjectCURRENCY DEVALUATION
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDEBTOR
dc.subjectDEFICITS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISTRIBUTION OF INCOME
dc.subjectDIVERSIFIED PORTFOLIOS
dc.subjectDOMESTIC BANKS
dc.subjectECONOMETRIC EVIDENCE
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC REFORM
dc.subjectEMPLOYMENT
dc.subjectENFORCEMENT OF CONTRACTS
dc.subjectEQUITY STAKES
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPORTERS
dc.subjectEXTERNAL DEBT
dc.subjectFERTILITY RATE
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFIRM PERFORMANCE
dc.subjectFISCAL BURDEN
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICIES
dc.subjectFIXED EXCHANGE RATE
dc.subjectFIXED EXCHANGE RATES
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN INDEBTEDNESS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFUTURES
dc.subjectFUTURES CONTRACTS
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT REVENUES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectHOLDING COMPANIES
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOME INEQUALITY
dc.subjectINCOME TAX
dc.subjectINDEBTED COUNTRIES
dc.subjectINDEPENDENT BANKS
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEBATE
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORIES
dc.subjectINVESTMENT BANK
dc.subjectINVESTMENT CAPITAL
dc.subjectINVESTMENT FUND
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT RATES
dc.subjectJOINT-STOCK COMPANY
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLACK OF CREDIT
dc.subjectLAWS
dc.subjectLEGAL ENVIRONMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL PROTECTION
dc.subjectLEGAL REFORMS
dc.subjectLEGAL SYSTEM
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIFE EXPECTANCY
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.subjectLOAN
dc.subjectLOAN OFFICERS
dc.subjectLOCAL BANKS
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC CONTROLS
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET PRICES
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY ASSETS
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectNATURAL RESOURCES
dc.subjectNONPERFORMING LOANS
dc.subjectOPPORTUNITY COST
dc.subjectPAYMENTS UNION
dc.subjectPENALTIES
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPENSION SYSTEMS
dc.subjectPENSIONS
dc.subjectPERSONAL INCOME
dc.subjectPOLITICAL ECONOMY
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPRICE STABILITY
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL INFLOWS
dc.subjectPRIVATE COMMERCIAL BANKS
dc.subjectPRIVATE PROPERTY
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVITY
dc.subjectPROFITABILITY
dc.subjectPROPERTY RIGHTS
dc.subjectPROTECTION OF MINORITY SHAREHOLDERS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC FINANCES
dc.subjectPURCHASING POWER
dc.subjectRATES OF INFLATION
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATES
dc.subjectRECAPITALIZATION
dc.subjectREGULATORY INFRASTRUCTURE
dc.subjectRENEGOTIATION
dc.subjectRETIREMENT
dc.subjectSAFETY NET
dc.subjectSECURITIES
dc.subjectSHAREHOLDERS
dc.subjectSMALL BANKS
dc.subjectSMALL BUSINESSES
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOCIAL SERVICES
dc.subjectSTATE BANK
dc.subjectSTATE BANKS
dc.subjectSTATE ENTERPRISES
dc.subjectSTATE PROPERTY
dc.subjectSTOCK MARKET
dc.subjectSTRATEGIC INVESTORS
dc.subjectSUPERVISORY BOARDS
dc.subjectTARIFF REVENUE
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX RATES
dc.subjectTAX SYSTEM
dc.subjectTRADE LIBERALIZATION
dc.subjectTRADE UNIONS
dc.subjectTRADING
dc.subjectTRANCHE
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSITION ECONOMY
dc.subjectTREASURY
dc.subjectUNDERDEVELOPED CAPITAL MARKET
dc.subjectUNDERDEVELOPED CAPITAL MARKETS
dc.subjectVOUCHER PRIVATIZATION
dc.subjectWAGES
dc.subjectWORKING CAPITAL
dc.titleAssistance to the Transition Economies : Were There Alternatives?en
dspace.entity.typePublication
okr.date.disclosure2014-09-02
okr.date.doiregistration2025-04-14T12:27:20.199366Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2002/01/20161087/assistance-transition-economies-alternatives
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid953971468331822564
okr.identifier.externaldocumentum000442464_20140902094608
okr.identifier.internaldocumentum20161087
okr.identifier.report27932
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/02/000442464_20140902094608/Rendered/PDF/279320WP0Box385309B00PUBLIC0.pdfen
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicBanks and Banking Reform
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitSector Evaluations (IEGSE)
okr.volume1 of 1
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