From Socialism to the Market Economy
Postwar West Germany versus Post-1989 East Bloc
By Svetozar Pejovich
This article appeared in the Summer 2001 issue of The Independent Review
Why have some former Soviet-bloc countries had a smoother transition from socialism than others, and why have none adjusted as well as West Germany in the 1950s? The answer lies in the interaction of three factors: the rule of law, the carriers of institutional restructuring, and the informal rules of the community.
|Other Independent Review articles by Svetozar Pejovich|
|Fall 2005||On the Privatization of Stolen Goods in Central and Eastern Europe|
|Fall 1997||Law, Tradition, and the Transition in Eastern Europe|