Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education, Central Library of Charles University |
2011
Abstract
Today, many may claim that transition is over; yet, the legacy persists. The post-transition countries are still different from the Western European countries today.
More importantly, however, they are also different from what Western European countries were when they had similar levels of income to today's post-communist states (several decades ago). But in many respects, they are also alike.
Within the past 20 years, the European transition countries have established democratic systems and market economies. In addition, they are back in the Atlantic civilization circle, members of NATO, the EU and, at least for some, the EMU.
Thus, despite various problems and false starts, at the bottom we find a success story.