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01 IEA Post-Communist Tran
Post-Communist Transition:
Some Lessons
Post-Communist Transition:
Some Lessons
LESZEK BALCEROWICZ
thirty-first wincott lecture
8 october 2001
The Institute of Economic Affairs
First published in Great Britain in 2002 by
The Institute of Economic Affairs
2 Lord North Street
Westminster
London sw1p 3lb
in association with Proile Books Ltd
Copyright © The Wincott Foundation 2002
The moral right of the author has been asserted.
All rights reserved. Without limiting the rights under copyright reserved above,
no part of this publication may be reproduced, stored or introduced into a
retrieval system, or transmitted, in any form or by any means (electronic,
mechanical, photocopying, recording or otherwise), without the prior written
permission of both the copyright owner and the publisher of this book.
A CIP catalogue record for this book is available from the British Library.
isbn 0 255 36533 0
Many IEA publications are translated into languages other than English or
are reprinted. Permission to translate or to reprint should be sought from the
General Director at the address above.
The Trustees of the IEA have agreed that any surplus over costs arising from the
sale of this paper should be donated to the Wincott Foundation.
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CONTENTS
The author
7
Foreword by Geoffrey Owen
9
Acknowledgements
12
Summary
13
List of tables
15
1 Introduction
17
2 Post-communist transition in a
comparative perspective
20
3 The communist institutional system:
a stylised description
28
4 Initial conditions, extent of reforms,
economic performance
32
A simple analytical framework
32
Different economic outcomes
35
Explaining differences in outcomes
39
5 On the political economy of transition
45
The political breakthrough
45
The role of reformers
48
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