Why have some former Soviet-bloc countries had a smoother transition from socialism than others, and why have none adjusted as well as West Germany in the 1950s? The answer lies in the interaction of three factors: the rule of law, the carriers of institutional restructuring, and the informal rules of the community.
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Svetozar Pejovich (1931–2021) was Professor of Economics Emeritus at Texas A&M University and Senior Research Fellow for the International Centre for Economic Research in Torino, Italy.
| Other Independent Review articles by Svetozar Pejovich | |
| Fall 2005 | On the Privatization of “Stolen Goods” in Central and Eastern Europe |
| Summer 2003 | Transition: The First Decade |
| Fall 1997 | Law, Tradition, and the Transition in Eastern Europe |
