Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75588 
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper No. 327
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Most countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in schooling. However, in terms of the 'software' necessary for a market economy, two groups emerge: the countries that are candidates for EU membership seem to have partly completed the transition. By contrast, the countries from the former Soviet Union that form the CIS and the South-eastern European (SEE) countries, are still largely lagging behind in terms of the enforcement of property rights and the development of financial markets.
Subjects: 
Transition economies
development level
Document Type: 
Working Paper
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