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Context and uniqueness of transition economies
Chapitre d'ouvrage

Context and uniqueness of transition economies

Leo-Paul Dana et Veland Ramadani
Family businesses in transition economies: management, succession and internationalization, pp.39-70
2015

Résumé

models of transition gradualism shock-therapy market economy socialism Transition
Transition to a market economy involves profound economic changes, and sometimes - but not necessarily - political change as well. In Europe, economic transition was coupled with political transformation, the resulting context being unprecedented and remaining unique. Central to transition are the cultural assumptions of a social system. Rapid regulatory reform does necessarily lead to rapid or easy transition unless mindset adapts simultaneously.

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