Csaba Moldicz: A new Political Economy of Eastern Europe
By introducing the market economy framework and
adopting the principles of democracy, it was believed that countries in Eastern
Europe would automatically enter upon a path leading to a rapid convergence
with the richer countries after a relatively short transitionary period. It has
not been the case for most of them. Recently several attempts have been made to
theoretically describe the political and economic systems that have developed
in the Central European region. But the explanations are not satisfactory. We
try to frame a new political economic approach in order to understand the
current and the future developments. It is of utmost importance since the next decade in the Central and Eastern
European region can be described by challenges that are on a par with those of
the early nineties.
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