Skip to main content
padlock icon - secure page this page is secure

Transitioning European Economies: Lessons from Poland and Bulgaria

Buy Article:

$29.95 + tax (Refund Policy)

The transition of Eastern European countries from planned to market economies brings attention to a number of sociopolitical factors that affect the success of economic transformation. This paper analyzes two diverging cases of transition towards a market economy. Poland, often considered a 'successful' transition, and Bulgaria, considered a lagging economy, provide representative examples of cases in which both economic, social, and political factors respectfully provided successful, and deteriorating consequences to economic development. The factors behind relative economic success/failure are studied, and several trends are listed. The divergence in outcomes between these two countries can be pinpointed to two major factors: (a) rapid liberalization, and (b) political and social will. The rapid liberalization undertaken by Poland, combined with positive sociopolitical circumstances, allowed for its success. Conversely, slow implementation of key policies, and relative political instability were setbacks to economic growth in Bulgaria. The evidence shows that the 'slow but steady' economic policy style faced both theoretical flaws and flaws in practice. It sides with a liberal understanding of economic transition when applied to changes from planned to market economies.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Article Media
No Metrics


Document Type: Research Article

Publication date: 01 December 2017

More about this publication?
  • Welcome to the home page of the Journal of Sustainable Energy Engineering (JSEE), committed to publishing peer-reviewed original research seeking sustainable methods of worldwide energy production through engineering, scientific, and technological advances.
  • Editorial Board
  • Submit a Paper
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more