Skip to main content Accessibility help
×
Home
Hostname: page-component-56f9d74cfd-l4dq5 Total loading time: 0.546 Render date: 2022-06-25T22:59:48.367Z Has data issue: true Feature Flags: { "shouldUseShareProductTool": true, "shouldUseHypothesis": true, "isUnsiloEnabled": true, "useRatesEcommerce": false, "useNewApi": true }

1 - Review of Key Debates at the Beginning

from Part I - The Diverse Paths Taken in Transition

Published online by Cambridge University Press:  04 May 2020

Oleh Havrylyshyn
Affiliation:
Carleton University, Ottawa
Get access

Summary

This chapter is a review of the early debates on how best to do the transformation from socialist central planning to a market economy with private capitalist owners sets the stage. It is noted that the popular euphoria generated by the fall of the Berlin Wall permeated the world academic community with numerous papers and conferences on the subject, and a broad consensus on the main changes was reached; however, a wide rift occurred on two key points: should this be done rapidly or gradually, and what should come first: market liberalization or development of new institutions? An important clarification is made that criticisms of the Washington Consensus for ignoring social costs of liberalization and institutional development were unfounded straw-man depictions. All relevant documents or statements of international institutions clearly include both of these elements; at most, such criticisms could justifiably note IMF and others paid insufficient attention to these elements.

Type
Chapter
Information
Present at the Transition
An Inside Look at the Role of History, Politics, and Personalities in Post-Communist Countries
, pp. 17 - 34
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×