Eastern Europe: from state socialism to post-socialist depression

Document Type

Article

Publication Title

Economic and Political Weekly

Abstract

The experience of systemic transformation in eastern Europe since 1989 presents several sobering conclusions and despite their provisional nature, they are worth noting: The role of the state in managing the transition cannot be wished away. The use of 'shock therapy', while admissible in terms of achieving macro-economic stabilisation, can be disastrous if it is conceived in terms of structural transformation. And the element of speed has little to do with the success of the transition.

Publication Date

1-4-1994

Publisher

Sameeksha Trust

Volume

Vol.29

Issue

Iss.13

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