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Central and Eastern Europe a Decade After the Fall of State-socialism: Regional Dimensions of Transition Processes

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  • Martin Sokol
Abstract
Following the collapse of state-socialism a decade ago, Central and Eastern European countries (CEECs) opted for democracy and market economy. There was a widespread belief that transition to a market economy via neo-liberal 'shock therapy' would lead to a quick closure of the wealth gap with the West. A decade later, however, neo-liberal expectations of convergence under market conditions never materialized. Instead, 'New Europe' has been experiencing fragmentation and growing disparity between 'West' and 'East' and also within the 'East' itself. In examining regional patterns, and building on the strengths of institutional and 'radical' approaches, this article challenges neo-liberal accounts of uneven development in Eastern Europe. It argues that diverging economic trajectories should be understood in the light of the structural legacies of both the state-socialist and pre-socialist past and the way these are exposed to, and interact with, international political economy.

Suggested Citation

  • Martin Sokol, 2001. "Central and Eastern Europe a Decade After the Fall of State-socialism: Regional Dimensions of Transition Processes," Regional Studies, Taylor & Francis Journals, vol. 35(7), pages 645-655.
    • Handle: RePEc:taf:regstd:v:35:y:2001:i:7:p:645-655
    DOI: 10.1080/00343400120075911
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    References listed on IDEAS

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    1. Kolodko, Grzegorz W., 2000. "From Shock to Therapy: The Political Economy of Postsocialist Transformation," OUP Catalogue, Oxford University Press, number 9780198297437.
    2. Thirkell, John & Petkov, Krastyu & Vickerstaff, Sarah, 1998. "The Transformation of Labour Relations: Restructuring and Privatization in Eastern Europe and Russia," OUP Catalogue, Oxford University Press, number 9780198289791.
    3. László Csaba, 1995. "The Capitalist Revolution In Eastern Europe," Books, Edward Elgar Publishing, number 117.
    4. Adrian Smith, 1998. "Reconstructing the Regional Economy," Books, Edward Elgar Publishing, number 1322.
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