Transition and Institutions

• Fills an important gap in the literature by reviewing the role of initial structural and institutional conditions in transition to a market economy
• Concentrates on Russia and the East, rather than on Central Europe

Readership: Scholars dealing with the issue of transition, and those interested in the relations between economic policy, institutional development, and economic and social outcomes. Policy makers in the fields of economics, governance, and social policy. International organizations.

Edited by Giovanni Andrea Cornia, Professor of Economics, University of Florence, and Vladimir Popov, Visiting Professor, Department of European and Russian Studies, Carleton University

I. Introduction and overview
1: Giovanni Andrea Cornia and Vladimir Popov: Structural and Institutional Factors in the Transition to the Market Economy: an Overview
II. Lessons from Selected Country Case Studies
2: Vladimir Popov: Russia: Inconsistent Shock Therapy with Weakening Institutions
3: Richard Pomfret: Reform Paths in Central Asian Transitional Economies
4: Fan Gang: The Chinese Road to the Market: Achievements and Long-term Sustainability
5: Manuel Montes: Vietnam: Transition as a Socialist Project in East Asia
6: Keun Lee: The Tortuous Road to the Market in North Korea: Problems and Prospects
7: Manuel Pastor Jr.: Cuba: the Stalled Transition
III. Changes in Key Institutions
8: Derek C. Jones: Economic Performance in Transitional Economies: the Role of Ownership, Incentives and Restructuring
9: Laixiang Sun: Unorthodox Ownership and Governance Structures in Transitional East Asia
10: Giovanni Andrea Cornia: Transition Approaches, Institutions and Income Inequality
11: Martin Raiser: Informal Institutions, Social Capital and Economic Transition: Reflections on a Neglected Dimension