Is the post-communist transition over?

Abstract

It is entirely justifiable to ask whether the post-communist transition, which began in 1989 in Central and Eastern Europe and Central Asia, can be considered to be over. Perhaps equally important is to understand the impact and perception of reforms implemented since then. Interestingly, reform success seems to weaken societal support for future reform. In contrast, experiencing the consequences of reform reversals (corruption, inequality of opportunity) appears to strengthen support for reforms. A key takeaway is that new waves of economic reforms should aim not only at high GDP growth but also at eradicating corruption and cronyism, strengthening the rule of law, and strengthening social mobility. ELEVATOR PITCH