Alternative paths to the transition process

Abstract

Purpose

The purpose of the paper is to develop alternative paths to the transition process as a result of alternative models of transition.

Design/methodology/approach

A political economy methodology to the transition process results in alternative transition models. As a result five alternative models of transition come into being.

Findings

Transition models can be distinguished on the basis of economic analysis, speed and the political structure. Each model recommended a set of economic policies to facilitate the transition process. The adoption of gradualist processes of transition – except in the case of shock therapy – requires a sequence by which the reforms should be introduced.

Originality/value

The paper contributes to the transition literature by developing a set of economic policies combined with a sequence path for each transition model.

Citation

Marangos, J. (2005), "Alternative paths to the transition process", International Journal of Social Economics, Vol. 32 No. 4, pp. 307-324. https://doi.org/10.1108/03068290510587033