Transition Economies: Transformation, Development, and Society in Eastern Europe and the Former Soviet Union (Paperback) book cover

Transition Economies

Transformation, Development, and Society in Eastern Europe and the Former Soviet Union

By Aleksandr V. Gevorkyan

© 2018 – Routledge

328 pages | 56 B/W Illus.

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Paperback: 9781138831131
pub: 2018-05-11
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Hardback: 9781138831124
pub: 2018-05-11
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This interdisciplinary book offers a uniquely comprehensive analysis of the transition economies of Central and Eastern Europe (CEE) and the Former Soviet Union (FSU). Providing full historical context and drawing on a wide range of literature, it explores the continuous economic and social transformation of the post-socialist world.

Core elements of the book include a detailed historical analysis of the early socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the diversity of economic systems in the region today. Always showing an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality and labour migration in the formerly socialist nations.

Transition Economies will be invaluable for advanced students, researchers and policy makers working on transition economies, comparative economics, economic development and the economics of central Europe, as well as economic history, international political economy and Russian and Eastern European studies.


"In his enlightening book, Aleksandr V. Gevorkyan, systematically unpacks the nuanced complexities of economic history and social dynamic of the post-socialist Eastern Europe and former Soviet Union. This creatively novel exploration will be an interesting and engaging must read!"

- Otaviano Canuto, World Bank Group, Executive Director for Brazil, Colombia, Dominican Republic, Ecuador, Haiti, Panama, Philippines, Suriname, and Trinidad & Tobago

Table of Contents

Chapter 1 The great unknowns – post-socialist economies and societies in motion, Chapter 2 Transition vs. transformation: what is clear and not so clear about transition economics, Chapter 3 The economic and social context at the turn of the twentieth century: from the Russian Empire to the Soviet Union, Chapter 4 The war economy and the post World War II reconstruction in the USSR, Chapter 5 From war to wall to common market: the dialectics of the Eastern European socialist economy, Chapter 6 The socialist economic model, market socialism, stagnation, perestroika, and the end of plan, Chapter 7 The free market reform: liberalization, privatization, shock therapy, and policy misfortunes, Chapter 8 Poverty, income inequality, labor migration, and diaspora potential, Chapter 9 Contours of the new era post-transition economy: they are all different, Chapter 10 Facing the present by knowing the past

About the Author

Dr. Aleksandr V. Gevorkyan is Assistant Professor of Economics at the Department of Economics and Finance of the Peter J. Tobin College of Business at St. John’s University in New York City. He is a Senior Research Fellow at the Vincentian Center for Church and Society, a Research Fellow at the Center for Global Business Stewardship, and a Board Member at the Armenian Economic Association. Dr. Gevorkyan’s extensive teaching and research experience covers themes in open economy macroeconomics, macroeconomic policy, economic development, international financial economics, labor migration, and post-socialist transition economics.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economics / General
BUSINESS & ECONOMICS / Economics / Comparative