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| Author: | Gomulka, S. |
| Title: | Economic and political constraints during transition |
| Journal: | Europe-Asia Studies
1994 : VOL. 46:1, p. 89-106 |
| Index terms: | ECONOMICS POLITICS CHANGE EUROPE, EAST ECONOMIC POLICY |
| Language: | eng |
| Abstract: | Following the collapse of the old political (communist) system, the overall strategy of transition and initial reform policies appear to be influenced above all by the inherited economic and institutional constraints and the long-term political and economic aims of the reforms, rather than by the usual short-term concern to gain and preserve political power. This article primarily discusses the influence of these constraints on the choice of reform strategy, as well as on the choice of specific economic policies. The article notes positive outcomes of reforms, which tend to relax some of the constraints, and discusses the effect of negative outcomes, such as severe recessions and grave fiscal problems. The second aim is to discuss how these changes of constraints may lead to modifications of initial reform policies in the course of transition. |
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