Assistance to the Transition Economies : Were There Alternatives?

Svejnar, Jan

World Bank, Washington, DC

关键词: ACCESS TO BANK;    ACCESS TO FINANCING;    ACCOUNTABILITY;    ACCOUNTING;    ALLOCATION OF CAPITAL;   

RP-ID  :  27932

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Twelve years after the fall of theBerlin Wall, domestic and international analysts of thetransition economies by and large agree that the transitionfrom central planning to a market economy has beenexceedingly difficult. There has also been a major debateabout the extent to which the transition to date hassucceeded or failed. This paper provides an assessment ofthe policies that were followed and discuss the extent towhich there were known alternatives that can have resultedin superior outcomes in terms of: (a) gross domestic product(GDP) growth and other principal performance indicators, (b)building honest and competent institutions, and (c) creatinga more transparent and less corrupt system of corporate andnational governance. Section two provides a brief overviewof performance since 1989. Section three presents therecommendations that were made and policies that werefollowed. The paper concludes in section four by assessingthe extent to which alternative paths can have been followedand what the likely outcomes will have been.