Skip to main content

Introduction

  • Chapter
  • 111 Accesses

Abstract

This book addresses the need for a better understanding of the processes of transformation from a socialist economic system towards a market economy. If we consider the 1917 Revolution in Russia as the ignition point of one of the greatest social experiments of mankind, the transformation processes since 1989 are the major challenges at the turn of the twenty-first century. The reader will find that the world was not very well prepared for these challenges. There was no ‘master plan’ in the drawer, despite the fact that ‘system competition’ between communism and capitalism had lasted for decades. On the eve of the collapse of the socialist economic system much hope for a better world under the triumphant market economy was generated. With the benefit of hindsight these hopes look naïve after fifteen years of ongoing transformation.

Keywords

  • Market Economy
  • European Monetary Union
  • Transition Country
  • Ignition Point
  • System Competition

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

This is a preview of subscription content, access via your institution.

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • DOI: 10.1057/9780230626584_1
  • Chapter length: 3 pages
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
eBook
USD   99.00
Price excludes VAT (USA)
  • ISBN: 978-0-230-62658-4
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book
USD   135.00
Price excludes VAT (USA)
Hardcover Book
USD   140.00
Price excludes VAT (USA)
Authors

Copyright information

© 2006 Hubert Gabrisch and Jens Hölscher

About this chapter

Cite this chapter

Gabrisch, H., Hölscher, J. (2006). Introduction. In: The Successes and Failures of Economic Transition. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626584_1

Download citation