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Present at the Transition First Some Facts
from Part I - The Diverse Paths Taken in Transition
Published online by Cambridge University Press: 04 May 2020
The vast amount of new data for transition countries since 1989 provides measurement not only of standard performance indicators like GDP, foreign investment, exports, poverty, income distribution, overall indices of well-being (the Human Development Index), democracy, and human freedom indicators, but also many new measures of governance, Rule of Law, corruption, market freedom, and ease of doing business. Many such indicators are used to trace the evolution of changes during transition and provide some insight into what transformation policies led to better outcomes. The main conclusions from such a statistical analysis are that countries that undertook early and more extensive economic reforms moving to a market economy generally performed much better on both economic and social indicators – and generally also in progress to more democratic societies.
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