János Kornai’s Evaluation of the Transitional Path: Recent trends in the economies and societies of hungary and some western balkans countries based on János Kornai’s insights (original) (raw)
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János Kornai’s Evaluation of the Transitional Path
Köz-gazdaság - Review of Economic Theory and Policy, 2020
Novo Plakalovic 1 JÁNOS KORNAI'S EVALUATION OF THE TRANSITIONAL PATH Recent trends in the economies and societies of hungary and some western balkans countries based on János Kornai's insights In this essay, we are trying to focus on and review Kornai's reflections and observations regarding to the achievements of former socialist economies and their progress on the transitional path. Kornai was a witness to dramatic events that accompanied the collapse of socialism from its very beginnings. Therefore, he is very much competent to evaluate the outcomes of the "Great Transformation", the process in which many hopes and expectations were invested. As a brave, honest and ever-present scientist, Kornai strives to objectively present and critically evaluate the achievements of Eastern European transitional economies. He does not limit his analysis of transition solely to the economic sphere, but critically considers the overall changes in the society, politics and economy. This paper relies on his insights and observations while studying Serbia and Bosnia & Herzegovina, in particular. It turns out that his assessments are absolutely relevant for those countries, the results of their transition being significantly lower than in other former socialist countries he analyzes, primarily because of the traumatic break-up of former Yugoslavia and continuous political instability that followed in its newly established states.
Transition in Serbia: Foundations, Results and Perspectives
The 4th International Conference on European Studies (ICES'13): “Social, Economic and Political Transition of Balkans” Tirana, Albania, Proceedings
Paper considers the foundations, results and perspectives of transition process in Serbia. The foundations were the postulats of neoclassical economics, the mainstream in recent economic thought. They determined the goal, the methodology, and the ideological basis of this process, and resulted especially in Washington Consensus. The results of the reforms, based on Consensus, showed, with some exceptions, that Serbia, as the other former socialist countries, realized deep and long-term economic fall, followed by similar processes in other spheras. Contrary to ordinary opinions that transition crisis show as result of inconsistency in reforms taking, the paper argues that this is normaly its result. As an analogue is the Morgenthau’s plan for West Germany observed, that has promoted Germany to industrial disarmament, and that would lead to its poverty and its transformation into raw material basis for the developed economies, and to impossibility of survival of the existing number of population. Fortunately for the Germany, Morgenthau’s plan was abandoned and Marshall’s plan was introduced. It lead to industrial renewal of Germany. For the transition countries it is also necessary, considering the practice and basic principles of the Other Canon, which have they origins as far as from the economic policy of Henry VII, to acess re-industrialization in the same way, which is the necessity for renewall of economies, and for overcoming the long-term crisis.
Paper considers the foundations, results and perspectives of transition process in Serbia. The foundations were the postulats of neoclassical economics, the mainstream in recent economic thought. They determined the goal, the methodology, and the ideological basis of this process, and resulted especially in Washington Consensus. The results of the reforms, based on Consensus, showed, with some exceptions, that Serbia, as the other former socialist countries, realized deep and long-term economic fall, followed by similar processes in other spheres. Contrary to ordinary opinions that transition crisis show as result of inconsistency in reforms taking, the paper argues that this is normaly its result. As an analogue is the Morgenthau's plan for West Germany observed, that has promoted Germany to industrial disarmament, and that would lead to its poverty and its transformation into raw material basis for the developed economies, and to impossibility of survival of the existing number of population. Fortunately for the Germany, Morgenthau's plan was abandoned and Marshall's plan was introduced. It lead to industrial renewal of Germany. For the transition countries it is also necessary, considering the practice and basic principles of the Other Canon, which have they origins as far as from the economic policy of Henry VII, to acess reindustrialization in the same way, which is the necessity for renewall of economies, and for overcoming the long-term crisis.
Foundations, Results and Perspectives of Transition: A Case of Serbia
ERN: Other Institutions & Transition Economics: Political Economy (Topic), 2010
English Abstract. Paper considers the foundations, results and perspectives of transition process, with special focus on Serbia. The foundations were the postulats of neoclassical economics, the mainstream in recent economic thought. They determined the goal, the methodology, and the ideological basis of this process, and resulted especially in Washington Consensus. The results of the reforms, based on Consensus, showed, with some exceptions, that these countries realized deep and long-term economic fall, followed by similar processes in other spheras. Contrary to ordinary opinions that transition crisis show as result of inconsistency in reforms taking, this is normaly its result. As an analogue is the Morgenthau’s plan for West Germany observed, that has promoted Germany to industrial disarmament, and that would lead to its poverty and its transformation into raw material basis for the developed economies, and to impossibility of survival of the existing number of population. Fort...
Univerzitet za poslovne studije, 2018
In this paper, we analyze the concepts, results and practices of realization of economic reforms or the transition process with the aim of pointing out to the limitations of this process in the Western Balkans. In this regard, we examined the processes, the specific theses and the conclusions drawn from extensive analyzes by the relevant sources. The obtained results will answer the research question "Whether the transition process in the Western Balkans could go differently, ie to achieve the results that the public of the countries of the former communism expected?". We have shown that the transition process in the Western Balkans is far from the end. In line with the present circumstances, the course of transition could not go differently, i.e achieve the expected results. In this regard, we are offering solutions that will turn the economy of Bosnia and Herzegovina towards market-based real competitiveness, true-to-business entrepreneurship and social sensitivity.
After Twenty Years – Reasons and Consequences of the Transformation in Central and Eastern Europe
The Majority of the papers in the present volume are the result of a series of seminars which took place between autumn 2007 and spring 2009 at the Department of the History of Eastern Europe at Eötvös Loránd University, Budapest, headed by Dr. Tamás Krausz, under the auspices of the doctoral programme entitled ‘The History of Eastern Europe first in a wider historical context and then concentrating on the processes of the past twenty years. "The project helps young researchers to join in with the international debate on their subject matter and to foster the emergence of a common discourse. We believe it is important that the young generation of historians born around or after the transition who did not live through the pre-1989 period as children or young contemporaries should come to play an increasing role in this discourse. A certain distance in time is an important condition for a deeper understanding of the events and processes of the time. Not only do we gain access to the sources for this exciting sequence of historical phenomena – a distance in time also allows the subject matter to shift from the boundary zone between political sciences and history clearly into the sphere of the latter, thus becoming free of daily political interests. We trust that the authors of the present volume will become active participants in shaping this process."