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Fairness and Support for the Reforms: Lessons from the Transition Economies

Author(s): Sergei Guriev

Date published: Jan 2018

SUERF Policy Note, Issue No 24
Sergei Guriev, European Bank of Reconstruction and Development

JEL-codes: E44, E62, E63, E66, F45
Keywords: Post-communist transition, inclusion, inequality of opportunity, fairness, corruption

Summary
In order to find new sources of growth, post-communist countries need to accelerate structural reforms. However, the public support for reforms in these countries is limited. We show that this is explained by the lack of inclusion and fairness of transition from plan to market. While transition has brought higher income levels on average, the benefits of growth have not been shared broadly – and not always in a meritocratic way. Going forward, market reforms should take into account inclusion and governance aspects in order to reduce the risk of reform reversals.

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SUERF Policy Note, Issue 24SUERF Policy Note, Issue 24

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