Economic Dynamics in Transitional Economies

This book examines the economic dynamics of Central and Eastern European post-Communist countries. It illuminates the paths these countries are taking toward restructuring their markets, increasing international trade, and bettering their connections with the European Union and other countries. Beginning with a comparative analysis of the three P-governments: Pigouvian, Partizan, and Paternalistic; and continuing with a discussion of the interrelated political and economic difficulties of transition, the author proposes a surprising solution. Inspired by the Bruxelles consensus, he proposes that the European Commission should become a fourth P-government; replacing the role formerly played by the Washington consensus in the restructuring of post-Communist economies. We are living in historic times, and Economic Dynamics in Transitional Economies will be a welcome guide to the rough roads ahead. This thorough assessment of current political and economic realities will stimulate debate about new European paradigms, the role of the European Union, and the difficulties of post-Communist transition. These issues promise to be vital to the region's success in the new century.