Institutional Barriers in the Transition to Market: Examining Performance and Divergence in Transition Economies (Studies in Economic Transition)

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Examines the institutional developments in 28 transition economies over the past two decades and concludes that, contrary to popular belief, institutions were not neglected; while personalities mattered as much as policies for outcomes, getting the basic institutions right was the most important aspect of a successful transition.

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About the Author:

Christopher A. Hartwell has advised governments on economic issues throughout transition economies for 17 years, living and working in the CIS and throughout Central and Eastern Europe. He holds a PhD from the Warsaw School of Economics and an MPP from Harvard, as well as an undergraduate degree from the University of Pennsylvania.

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"This is an outstanding and path-breaking piece of work on the role of institutions and transition as a whole. It reads very much like Douglass North, but unlike North Hartwell provides empirical proofs through regression analysis."

Anders Åslund, Senior Fellow, Peterson Institute for International Economics, Washington DC

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9781349458745: Institutional Barriers in the Transition to Market: Examining Performance and Divergence in Transition Economies (Studies in Economic Transition)

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Book Description Palgrave MacMillan, United Kingdom, 2013. Hardback. Condition: New. 2013 ed.. Language: English . Brand New Book ***** Print on Demand *****. Examines the institutional developments in 28 transition economies over the past two decades and concludes that, contrary to popular belief, institutions were not neglected; while personalities mattered as much as policies for outcomes, getting the basic institutions right was the most important aspect of a successful transition. Seller Inventory # APC9781137323705

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Book Description Palgrave MacMillan, United Kingdom, 2013. Hardback. Condition: New. 2013 ed.. Language: English . Brand New Book ***** Print on Demand *****.Examines the institutional developments in 28 transition economies over the past two decades and concludes that, contrary to popular belief, institutions were not neglected; while personalities mattered as much as policies for outcomes, getting the basic institutions right was the most important aspect of a successful transition. Seller Inventory # APC9781137323705

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Book Description Palgrave Macmillan. Hardcover. Condition: New. 268 pages. Dimensions: 8.6in. x 5.5in. x 0.8in.Conventional wisdom has it that the transition from communism to capitalism faltered because institutions were neglected. Popular thinkers and even Nobel laureates have proclaimed that the emphasis on stabilization policies (including the much-maligned Washington Consensus) in CentralEastern Europe and the former Soviet Union led to an institutional vacuum and caused more hardship than necessary. This new look at the conventional wisdom finds exactly the opposite is true: surveying 20 years of data, Dr. Christopher Hartwell finds that institutions were not neglected in the transition process, and only in places where they were was there stagnation. Moreover, in a brand-new piece of analysis, this book finds that the leadership of transition countries made as much of a difference for a countrys success or failure than the policies pursued. Finally, revisiting the institutional neglect debate, Dr. Hartwell asserts that only a few basic economic institutions, including property rights, were important for a successful transition. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Hardcover. Seller Inventory # 9781137323705

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