Abstract
This paper analyzes transition policies in the former Czechoslovakia, in Hungary, and in Poland. The current literature takes for granted that Czechoslovakia and Poland, at least in the initial stages, present clear examples of a shock approach toward the transition, whereas the Hungarian case is mostly perceived as gradual. This paper challenges the dichotomous “shock-versus-gradualism” dispute, which is believed to blur the key elements of the transition from a centrally planned to a market economy, and maintains that the labels attached to the transition policies applied in these countries are inappropriate.
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*This research was made possible by a fellowship of the Royal Netherlands Academy of Arts and Sciences (KNAW). Thanks are further due to Hans van Ees, Jan Jacobs, Susan Linz, Hans-Jürgen Wagener, and two anonymous referees for critical comments on earlier drafts of this paper. Of course, the usual disclaimer applies.
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Hoen, H. “Shock Versus Gradualism” in Central Europe Reconsidered. Comp Econ Stud 38, 1–20 (1996). https://doi.org/10.1057/ces.1996.1
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DOI: https://doi.org/10.1057/ces.1996.1