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Publications (10)

Journal Article
Abdur Chowdhury, Inna Verbina - Russian Economy-The Month in Review, 2003

The Russian Federation inherited a fairly well-developed, mature educational system from the Soviet Union. Most school-age children had access to general education; literacy was almost universal. Transition exposed weaknesses in this system tailored to the needs of a centrally planned economy....

Working Paper pdf
Pekka Sutela - UNU-WIDER, 1998 - Helsinki, Finland

In transition economics, privatization seems to have two basic motivations: separation of politics from the economy, and better corporate governance. While different countries have emphasized such motivations to varying degrees, it is clear that none of the privatization methods chosen is...

Working Paper
– Projects, Problems and Prospects
Keun Lee - UNU-WIDER, 1997 - Helsinki, Finland

North Korea's economic reform began in the mid-1980s. It was motivated by the increasing seriousness of the problems typical of centrally planned socialist economies.In general, the country's reforms have so far been limited both in scope and depth. This is a main cause of the escalation of...

Working Paper pdf
– the Roles of Ownership, Incentives and Restructuring
Derek C. Jones - UNU-WIDER, 1997 - Helsinki, Finland

This paper reviews empirical evidence for key matters concerning new patterns of corporate governance and the determinants of economic performance in transitional economies. Many findings reported draw on new and unusual data for large samples of firms in the Baltic Republics, Russia and Bulgaria,...

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– An Alternative Transition Path
Laixiang Sun - UNU-WIDER, 1997 - Helsinki, Finland

This paper examines the nature of the unorthodox ownership and governance structures that are emerging among firms and the way these structures are supporting the remarkable economic growth in the transition economies of East Asia, as represented in particular by China and Vietnam. These economies...

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– Transition as a Socialist Project in East Asia
Manuel F. Montes - UNU-WIDER, 1997 - Helsinki, Finland

In analyzing Viet Nam's recent economic adjustments, this paper attempts to distinguish events and policies that are properly assigned to the transition effort (defined as the process of increasing the market determination of economic outcomes) and those more properly associated with economic...

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– Policy versus Non-Policy Factors
Vladimir Popov - UNU-WIDER, 1997 - Helsinki, Finland

All centrally planned economies suffered from over-investment. Due to low capital productivity, reasonable growth rates in output could be maintained only with high investment/GDP ratios. Nevertheless, the sharp reduction in investment during transformational recession and its slow growth during...

Working Paper pdf
– The Impact of Demographic, Investment and Social Policy Changes
Giovanni Andrea Cornia, Juha Honkkila, Renato Paniccià, Vladimir Popov - UNU-WIDER, 1996 - Helsinki, Finland

This paper analyses the long-term growth and welfare impact of the transition to the market economy in the countries of Eastern Europe. We define welfare as the average real net wage after payments of social security contributions to fund a paygo-type pension system, and of taxes to service the...

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Juha Honkkila - UNU-WIDER, 1996 - Helsinki, Finland

An equal distribution of assets is a crucial element in the process of economic transition from plan to market. In the socialist era most physical assets were owned by the state and private ownership was not very important for most individuals. When the state abandons the socialist system and...

Working Paper pdf
– What Makes the Russian Economic Transformation a Special Case
Vladimir Popov - UNU-WIDER, 1996 - Helsinki, Finland

This paper seeks to explain, why Russian (and CIS) economic transformation was neither a shock therapy nor a gradual transition case, but instead followed a sort of middle ground inconsistent shock therapy path. It is argued that there were some objective constraints, mostly of a social and...

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