Tag Archives: Post-communist countries

From Socialism to Neoliberalism: the case of Central Eastern European countries

The transition from communism or socialism to capitalism has proved to be a rockier road than many in the West (think of Fukuyama as an example) anticipated. The degree and character of challenges that countries faced during the transition depended … Continue reading

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Why did the transition from socialism to capitalism result in improved growth in some countries and economic decline in others? It is all about mass privatization

Scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures were not … Continue reading

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“Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries” is an excellent book that skillfully demolishes myths about markets, money and globalization

(Open access to the first chapter) In countries without a history of economic stability, how can banks decide who should be given a credit card? How do markets convince people to use cards, make their transactions visible to authorities, assume … Continue reading

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