Abstract (may include machine translation)
In East-Central Europe there is no obvious reason why the economic transition should not continue in an increasingly stable democratic environment. This statement is related to the structures, regimes and political institutions of the countries concerned. These factors should help the citizens of this region to endure with tolerance the economic hardships that are concomitant to transformation. Even large sectors of the population which are unfavourably affected by transformation tend to channel their opposition to the reforms into non-violent "protest" (for instance, by voting down the government at election time and/or transferring a part of their working capacities to the black economy). The relatively long period of tolerance which has become evident should enable a process of consolidation to take place both in the economy and in politics.
Original language | English |
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Pages (from-to) | 97-110 |
Number of pages | 14 |
Journal | Acta Oeconomica |
Volume | 48 |
Issue number | 1-2 |
State | Published - 1996 |