Assistance to the Transition Economies : Were There Alternatives?

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collection.link.25
https://openknowledge.worldbank.org/handle/10986/2132
collection.name.25
IEG Independent Evaluations & Annual Reviews
dc.contributor.author
Svejnar, Jan
dc.date.accessioned
2014-09-17T21:11:35Z
dc.date.available
2014-09-17T21:11:35Z
dc.date.issued
2002
dc.date.lastModified
2021-04-23T14:03:54Z
dc.description.abstract
Twelve 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.identifier
http://documents.worldbank.org/curated/en/2002/01/20161087/assistance-transition-economies-alternatives
dc.identifier.uri
http://hdl.handle.net/10986/20232
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Operations Evaluation Department (OED) working paper series;
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO BANK
dc.subject
ACCESS TO FINANCING
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
ALLOCATION OF CAPITAL
dc.subject
ARREARS
dc.subject
AVAILABILITY OF CREDIT
dc.subject
BAD DEBTS
dc.subject
BAILOUTS
dc.subject
BALANCE SHEETS
dc.subject
BANK CREDIT
dc.subject
BANK LENDING
dc.subject
BANK LOANS
dc.subject
BANK OPERATIONS
dc.subject
BANKING CRISES
dc.subject
BANKING CRISIS
dc.subject
BANKING REFORM
dc.subject
BANKING SECTOR
dc.subject
BANKING SECTOR DEVELOPMENT
dc.subject
BANKING SYSTEM
dc.subject
BANKING SYSTEMS
dc.subject
BANKRUPTCIES
dc.subject
BANKRUPTCY
dc.subject
BORROWER
dc.subject
BUDGET CONSTRAINT
dc.subject
BUDGET CONSTRAINTS
dc.subject
BUDGET DEFICIT
dc.subject
BUDGET DEFICITS
dc.subject
CAPITAL MARKETS
dc.subject
CENTRAL BANK
dc.subject
CENTRAL BANKS
dc.subject
COLLATERAL
dc.subject
COLLATERAL REQUIREMENTS
dc.subject
COMMERCIAL BANKING
dc.subject
COMMERCIAL BANKS
dc.subject
COMPETITIVE BIDDING
dc.subject
CONSOLIDATION
dc.subject
CONSUMER GOODS
dc.subject
CONSUMER PRICE INFLATION
dc.subject
CORPORATE GOVERNANCE
dc.subject
COST OF CAPITAL
dc.subject
CREDIBILITY
dc.subject
CREDIT CONSTRAINTS
dc.subject
CREDIT LINES
dc.subject
CREDIT MARKET
dc.subject
CREDIT MARKETS
dc.subject
CREDIT POLICIES
dc.subject
CREDIT SYSTEM
dc.subject
CREDITOR
dc.subject
CREDITORS
dc.subject
CURRENCY
dc.subject
CURRENCY BOARDS
dc.subject
CURRENCY DEVALUATION
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT DEFICITS
dc.subject
CURRENT ACCOUNT SURPLUSES
dc.subject
DEBT
dc.subject
DEBTOR
dc.subject
DEFICITS
dc.subject
DEPOSITS
dc.subject
DEVELOPING COUNTRIES
dc.subject
DISTRIBUTION OF INCOME
dc.subject
DIVERSIFIED PORTFOLIOS
dc.subject
DOMESTIC BANKS
dc.subject
ECONOMETRIC EVIDENCE
dc.subject
ECONOMIC EFFICIENCY
dc.subject
ECONOMIC REFORM
dc.subject
EMPLOYMENT
dc.subject
ENFORCEMENT OF CONTRACTS
dc.subject
EQUITY STAKES
dc.subject
EXCHANGE RATES
dc.subject
EXPENDITURE
dc.subject
EXPORTERS
dc.subject
EXTERNAL DEBT
dc.subject
FERTILITY RATE
dc.subject
FINANCIAL CRISES
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FIRM PERFORMANCE
dc.subject
FISCAL BURDEN
dc.subject
FISCAL DISCIPLINE
dc.subject
FISCAL POLICIES
dc.subject
FIXED EXCHANGE RATE
dc.subject
FIXED EXCHANGE RATES
dc.subject
FLEXIBLE EXCHANGE RATE
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN DEBT
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN EXCHANGE
dc.subject
FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN INDEBTEDNESS
dc.subject
FOREIGN INVESTMENT
dc.subject
FOREIGN INVESTMENTS
dc.subject
FOREIGN INVESTORS
dc.subject
FUTURES
dc.subject
FUTURES CONTRACTS
dc.subject
GOVERNMENT BUDGET
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT REVENUES
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
HOLDING
dc.subject
HOLDING COMPANIES
dc.subject
HOUSING
dc.subject
HUMAN CAPITAL
dc.subject
INCOME DISTRIBUTION
dc.subject
INCOME INEQUALITY
dc.subject
INCOME TAX
dc.subject
INDEBTED COUNTRIES
dc.subject
INDEPENDENT BANKS
dc.subject
INFLATION
dc.subject
INFLATION RATES
dc.subject
INFLATIONARY EXPECTATIONS
dc.subject
INFRASTRUCTURE DEVELOPMENT
dc.subject
INSTITUTIONAL DEVELOPMENT
dc.subject
INSURANCE
dc.subject
INTEREST RATES
dc.subject
INTERNATIONAL DEBATE
dc.subject
INTERNATIONAL TRADE
dc.subject
INVENTORIES
dc.subject
INVESTMENT BANK
dc.subject
INVESTMENT CAPITAL
dc.subject
INVESTMENT FUND
dc.subject
INVESTMENT FUNDS
dc.subject
INVESTMENT RATES
dc.subject
JOINT-STOCK COMPANY
dc.subject
LABOR MARKET
dc.subject
LABOR MARKETS
dc.subject
LACK OF CREDIT
dc.subject
LAWS
dc.subject
LEGAL ENVIRONMENT
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL PROTECTION
dc.subject
LEGAL REFORMS
dc.subject
LEGAL SYSTEM
dc.subject
LEVEL PLAYING FIELD
dc.subject
LIFE EXPECTANCY
dc.subject
LIQUIDITY
dc.subject
LIVING STANDARDS
dc.subject
LOAN
dc.subject
LOAN OFFICERS
dc.subject
LOCAL BANKS
dc.subject
LOCAL GOVERNMENT
dc.subject
MACROECONOMIC CONTROLS
dc.subject
MACROECONOMIC POLICIES
dc.subject
MACROECONOMIC STABILITY
dc.subject
MACROECONOMIC STABILIZATION
dc.subject
MARKET ECONOMIES
dc.subject
MARKET ECONOMY
dc.subject
MARKET PRICES
dc.subject
MINORITY SHAREHOLDERS
dc.subject
MONETARY ASSETS
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICIES
dc.subject
MONETARY POLICY
dc.subject
NATURAL RESOURCES
dc.subject
NONPERFORMING LOANS
dc.subject
OPPORTUNITY COST
dc.subject
PAYMENTS UNION
dc.subject
PENALTIES
dc.subject
PENSION
dc.subject
PENSION SYSTEM
dc.subject
PENSION SYSTEMS
dc.subject
PENSIONS
dc.subject
PERSONAL INCOME
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICAL STABILITY
dc.subject
PORTFOLIO
dc.subject
PRICE STABILITY
dc.subject
PRIVATE CAPITAL
dc.subject
PRIVATE CAPITAL INFLOWS
dc.subject
PRIVATE COMMERCIAL BANKS
dc.subject
PRIVATE PROPERTY
dc.subject
PRIVATIZATION
dc.subject
PRODUCTIVITY
dc.subject
PROFITABILITY
dc.subject
PROPERTY RIGHTS
dc.subject
PROTECTION OF MINORITY SHAREHOLDERS
dc.subject
PUBLIC EXPENDITURES
dc.subject
PUBLIC FINANCES
dc.subject
PURCHASING POWER
dc.subject
RATES OF INFLATION
dc.subject
REAL INTEREST
dc.subject
REAL INTEREST RATES
dc.subject
RECAPITALIZATION
dc.subject
REGULATORY INFRASTRUCTURE
dc.subject
RENEGOTIATION
dc.subject
RETIREMENT
dc.subject
SAFETY NET
dc.subject
SECURITIES
dc.subject
SHAREHOLDERS
dc.subject
SMALL BANKS
dc.subject
SMALL BUSINESSES
dc.subject
SOCIAL SAFETY NETS
dc.subject
SOCIAL SERVICES
dc.subject
STATE BANK
dc.subject
STATE BANKS
dc.subject
STATE ENTERPRISES
dc.subject
STATE PROPERTY
dc.subject
STOCK MARKET
dc.subject
STRATEGIC INVESTORS
dc.subject
SUPERVISORY BOARDS
dc.subject
TARIFF REVENUE
dc.subject
TAX
dc.subject
TAX COLLECTION
dc.subject
TAX RATES
dc.subject
TAX SYSTEM
dc.subject
TRADE LIBERALIZATION
dc.subject
TRADE UNIONS
dc.subject
TRADING
dc.subject
TRANCHE
dc.subject
TRANSITION COUNTRIES
dc.subject
TRANSITION ECONOMIES
dc.subject
TRANSITION ECONOMY
dc.subject
TREASURY
dc.subject
UNDERDEVELOPED CAPITAL MARKET
dc.subject
UNDERDEVELOPED CAPITAL MARKETS
dc.subject
VOUCHER PRIVATIZATION
dc.subject
WAGES
dc.subject
WORKING CAPITAL
dc.title
Assistance to the Transition Economies : Were There Alternatives?
en
okr.date.disclosure
2014-09-02
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2002/01/20161087/assistance-transition-economies-alternatives
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20140902094608
okr.identifier.internaldocumentum
20161087
okr.identifier.report
27932
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/09/02/000442464_20140902094608/Rendered/PDF/279320WP0Box385309B00PUBLIC0.pdf
en
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Banks and Banking Reform
okr.topic
Economic Theory and Research
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth
okr.unit
Sector Evaluations (IEGSE)
okr.volume
1 of 1

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