부산대학교 도서관

The transition from socialist redistributive economy to capitalist markets has proved to be a rockier road that anticipated. The degree and character of difficulties that the countries faced during the transition depended on the nature of the pathways taken. In this paper I distinguish three major trajectories various countries followed: Central European neo-liberalism; post USSR neo-patrimonial regime and the East Asian (Chinese and Vietnamese) transformation from below. Rather than distinguishing the “right way” from the “wrong way” I explore what the different costs and benefits of the various pathways were at various stages of the transformation.