P/E/199. Dissertation. Transition economies: analysis of reform strategies

The aim of the dissertation is to investigate the economic processes that a country undergoes during the period of transition from one socio-political system to another. The author sets the objective to compare transitional economies in former socialist countries, Hungary and Ukraine in 1990s, following the fall of the Soviet Union. Drawing from a review of literature and Internet sources, the paper describes the economic and political conditions, government reforms and their outcomes in both countries. The distinctive features of economic transition, namely, stabilization, liberalization, privatization and institutionalization are discussed. The factors that influence the economic growth in either positive or negative way are outlined. The conclusion is made that the strategy of 'gradualism' that worked well in Hungary, did not work in Ukraine.