Why is Transition in Slovenia Often Considered a Success Story
-
Joze Mencinger
Economic performance in the first decade of independent Slovenia was satisfactory, and social costs of secession from Yugoslavia and of transition were rather low. The explanation of success can be found in very favorable initial position of the country and in chosen patterns of transition. Many essentials for market economy were being created during endless reforms long before 1989, and transition goals were relatively well defined. Proper mix of graduality, pragmatism and risk aversion regarding devastation of previous institutions together with adaptability of former political elite to new circumstances created conditions for a rather successful transition.La situation économique durant la première décennie d’indépendance de la Slovénie aura été satisfaisante et les coûts de la sécession avec la Yougoslavie et ceux de la transition auront été relativement faibles. L’explication du succès se trouve peutêtre dans la position initiale très favorable du pays et dans les schémas de transition retenus. Beaucoup des conditions essentielles à l’existence d’une économie de marché étaient en train d’être instaurées dans le cadre d’interminables réformes menées avant 1989, et les objectifs de la transition étaient assez bien définis. Un savant dosage de gradualisme, de pragmatisme et d’aversion au risque par rapport à la destruction des institutions existant antérieurement, couplé à l’adaptabilité de l’ancienne élite politique aux nouvelles circonstances ont donné lieu aux conditions requises pour une transition plutôt réussie.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
Articles in the same Issue
- Article
- Foreword
- After Socialism: Where Hope for Individual Liberty Lies
- Lessons for Emerging European Constitutionalism from the United States Constitution: Trigger Rules
- The Problem of an Autonomous Bureaucracy in Transition Economies: Lessons from the American Experience
- Was Transition about Free-Market Economics?
- Is the Welfare State A Model For Transition?
- Entry and Entrepreneurship: The Case of Post-Communist Russia
- Informal Institutions in a Transition Economy: Does Business Ethics Matter?
- International Opening. Privatisation and Economic Performance: The Case of Hungarian Telecom
- On Some Lessons from the Transition Process Regarding the Condition of Functioning of a Market Economy
- Why is Transition in Slovenia Often Considered a Success Story
- Ten Years of Privatization: Lessons for Yugoslavia
- Comparative Economic Performance in China and India
- Time and Money: The Macroeconomics of Capital Structure - Roger W. Garrison
- Points de Vue sur la Grande Depression du Xive Siecle: Guy Bois et David Herlihy
- Recent Publications
Articles in the same Issue
- Article
- Foreword
- After Socialism: Where Hope for Individual Liberty Lies
- Lessons for Emerging European Constitutionalism from the United States Constitution: Trigger Rules
- The Problem of an Autonomous Bureaucracy in Transition Economies: Lessons from the American Experience
- Was Transition about Free-Market Economics?
- Is the Welfare State A Model For Transition?
- Entry and Entrepreneurship: The Case of Post-Communist Russia
- Informal Institutions in a Transition Economy: Does Business Ethics Matter?
- International Opening. Privatisation and Economic Performance: The Case of Hungarian Telecom
- On Some Lessons from the Transition Process Regarding the Condition of Functioning of a Market Economy
- Why is Transition in Slovenia Often Considered a Success Story
- Ten Years of Privatization: Lessons for Yugoslavia
- Comparative Economic Performance in China and India
- Time and Money: The Macroeconomics of Capital Structure - Roger W. Garrison
- Points de Vue sur la Grande Depression du Xive Siecle: Guy Bois et David Herlihy
- Recent Publications
