Question

Post-communist reforms in many Central European countries, particularly Romania and Bulgaria, have been hampered by:

Answer 1

Post-communist reforms in many Central European countries, particularly Romania and Bulgaria, have been hampered by the persistence of corruption and organized crime.

Post-communist reforms:

The WIDER group evaluated the four fundamental pillars of a successful transition in Eastern Europe—stabilization, price liberalization, privatization, and restructuring—in their prior report, Post-communist Reform in Eastern Europe. This elite group of economists has been actively participating in the reform process for the past three years. In this new research, they take stock, revisit the key ideas, and evaluate the state of play, notably in Russia.

The major Central European nations were stabilized mostly according to plan. In contrast, Russia is moving along a path of a reorganization rather than stabilization. The writers discuss the potential success of this alternate approach. Regarding privatization, they point out that earlier strategies were based on the supposition that the resources belonged to the government. as sluggish development.

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