Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union

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collection.link.129
https://openknowledge.worldbank.org/handle/10986/5993
collection.name.129
Stand alone books
dc.contributor.author
World Bank
dc.date.accessioned
2013-06-19T21:37:45Z
dc.date.available
2013-06-19T21:37:45Z
dc.date.issued
2002
dc.date.lastModified
2017-12-14T04:30:59Z
dc.description.abstract
This study looks at lessons to be drawn from the ten-year experience of the transition countries in Eastern Europe and the former Soviet Union in the period 1991 to 2000. The World's Bank "world Development Report 1996: From Plan to Market" focused on the transition process during the first half of this period. It recognized that while initial conditions are critical, decisive and sustained reforms are important for recovery of growth and should be accompanied by social policies designed to protect the most vulnerable groups until growth takes hold. Many of the prescriptions of the 1996 World Development Report continue to be valid today. The present study confirms that while initial conditions were critical for explaining the output decline at the start of transition, the intensity of reform policies explains the variability in the recovery of output thereafter. Beyond this, important new lessons highlight some key tradeoffs facing countries in transition that can be translated into priorities for policy. First, this study highlights the key role of the entry and growth of new firms in generating economic growth and in creating employment. A second lesson concerns the need to develop or strengthen legal and regulatory institutions to oversee the management and governance of both private and state enterprises. A third lesson involves recognizing that winners from the early stages of reform may oppose subsequent reforms when these reduce their initially substantial benefits.
en
dc.identifier
http://documents.worldbank.org/curated/en/2002/01/1675547/transition-first-ten-years-analysis-lessons-eastern-europe-former-soviet-union
dc.identifier.isbn
0-8213-5038-2
dc.identifier.uri
http://hdl.handle.net/10986/14042
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ANTICORRUPTION
dc.subject
ASSET STRIPPING
dc.subject
AUDITING
dc.subject
BANKING CRISES
dc.subject
BANKING SECTOR
dc.subject
BANKING SYSTEM
dc.subject
BUDGET CONSTRAINTS
dc.subject
BUSINESS ENVIRONMENT
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL REQUIREMENTS
dc.subject
CAPITALIZATION
dc.subject
CIVIL LIBERTIES
dc.subject
COLLATERAL
dc.subject
COMMAND ECONOMY
dc.subject
COMPETITIVE MARKETS
dc.subject
COMPETITIVENESS
dc.subject
CORPORATE GOVERNANCE
dc.subject
CORRUPTION
dc.subject
DEBT
dc.subject
DIRECT INVESTMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC POWER
dc.subject
ECONOMIC REFORM
dc.subject
ECONOMIC REFORMS
dc.subject
ECONOMIC RESEARCH
dc.subject
ECONOMIES IN TRANSITION
dc.subject
ECONOMISTS
dc.subject
EMPIRICAL ANALYSIS
dc.subject
EMPLOYMENT
dc.subject
ENERGY CONSUMPTION
dc.subject
ENTREPRENEURSHIP
dc.subject
EXPORT GROWTH
dc.subject
EXPORTS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL DEEPENING
dc.subject
FINANCIAL MARKETS
dc.subject
FISCAL POLICY
dc.subject
FOREIGN EXCHANGE
dc.subject
GDP
dc.subject
GINI COEFFICIENT
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH PERFORMANCE
dc.subject
GROWTH RATES
dc.subject
HARD BUDGET CONSTRAINTS
dc.subject
HEALTH EXPENDITURES
dc.subject
HOUSING
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
dc.subject
INCOME INEQUALITY
dc.subject
INSTITUTIONAL CAPACITY
dc.subject
INTEREST RATE
dc.subject
INTERGOVERNMENTAL FISCAL RELATIONS
dc.subject
INVESTMENT CLIMATE
dc.subject
LABOR MARKETS
dc.subject
LABOR PRODUCTIVITY
dc.subject
LEGISLATION
dc.subject
LEVEL PLAYING FIELD
dc.subject
LOCAL GOVERNMENTS
dc.subject
MARGINAL TAX RATES
dc.subject
MARKET DISCIPLINE
dc.subject
MARKET ECONOMIES
dc.subject
MARKET ECONOMY
dc.subject
MARKET TEST
dc.subject
MONOPOLIES
dc.subject
MOV
dc.subject
OIL
dc.subject
OPERATING COSTS
dc.subject
PER CAPITA INCOME
dc.subject
PER CAPITA INCOMES
dc.subject
POLICY ENVIRONMENT
dc.subject
POLITICAL COMMITMENT
dc.subject
POLITICAL CONTESTABILITY
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICAL RIGHTS
dc.subject
POVERTY LINE
dc.subject
PRIVATE SECTOR GROWTH
dc.subject
PRIVATIZATION
dc.subject
PRODUCT MARKETS
dc.subject
PRODUCTIVITY
dc.subject
PROPERTY RIGHTS
dc.subject
PUBLIC EXPENDITURES
dc.subject
PUBLIC GOODS
dc.subject
PUBLIC SECTOR MANAGEMENT
dc.subject
REAL GDP
dc.subject
REGULATORY INSTITUTIONS
dc.subject
RENT SEEKING
dc.subject
RULE OF LAW
dc.subject
SALES OF ASSETS
dc.subject
SECURE PROPERTY RIGHTS
dc.subject
SOCIAL POLICIES
dc.subject
SOCIAL SAFETY NETS
dc.subject
SOCIAL SECURITY
dc.subject
SOFT BUDGET CONSTRAINTS
dc.subject
STATE BANKS
dc.subject
STATE ENTERPRISES
dc.subject
SUBSIDIARY
dc.subject
TAKEOVER
dc.subject
TAX REFORM
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADEOFFS
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSPORT
dc.subject
VALUE ADDED
dc.subject
VESTED INTERESTS
dc.subject
WAGES
dc.subject
WEALTH
dc.subject
WEALTH CREATION
dc.title
Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union
en
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research :: Publication
okr.docurl
http://documents.worldbank.org/curated/en/2002/01/1675547/transition-first-ten-years-analysis-lessons-eastern-europe-former-soviet-union
okr.globalpractice
Social, Urban, Rural and Resilience
okr.globalpractice
Governance
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/0-8213-5038-2
okr.identifier.externaldocumentum
000094946_02012504134954
okr.identifier.internaldocumentum
1675547
okr.identifier.report
23511
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/02/09/000094946_02012504134954/Rendered/PDF/multi0page.pdf
en
okr.region.administrative
Europe and Central Asia
okr.theme
Economic management :: Macroeconomic management
okr.topic
Economic Theory and Research
okr.topic
Banks and Banking Reform
okr.topic
Environmental Economics and Policies
okr.topic
Urban Development :: Municipal Financial Management
okr.topic
Governance :: Governance Indicators
okr.topic
Finance and Financial Sector Development
okr.unit
Office of the Regional Vice Pres (ECAVP)

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