Success of Countries in Transition: Theory, Politics and Reality Cover Image

Успјех земаља у процесу транзиције: теорија, политика и стварност
Success of Countries in Transition: Theory, Politics and Reality

Author(s): Marko Đogo
Subject(s): Political Theory, Governance, Economic policy, Social development, Economic development
Published by: Правни факултет Универзитета у Источном Сарајеву
Keywords: Catch-up index; Total liberalization; Optimum liberalization timing;

Summary/Abstract: Governments in many countries in transition tried to make their country rich, perspective, organized by free market model, but only few succeeded in their intention. The key question that this paper tries to answer is which countries made biggest success and why they did so and others did not. Author’s intention was not to argue about actual measures but to make a simple macro-economic model in which whole economy is divided in two sectors: real and financial, and which contains the level of freedom as a measure for transition. In doing so, the author tries to offer to readers a look at the transition history of the most successful countries. We think that the findings are more than interesting and useful for transition authorities in our country. They suggest that consistency in implementation is more important for the successful process than the selected strategy. Finally, the result of all transition strategies is the same: successful inclusion of the country into international division of labour.

  • Issue Year: 2/2011
  • Issue No: 1
  • Page Range: 148-167
  • Page Count: 20
  • Language: Serbian