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The transformation of post-communist societies in Central and Eastern Europe and the Former Soviet Union: An economic and ecological sustainability perspective

The transformation of post-communist societies in Central and Eastern Europe and the Former Soviet Union: An economic and ecological sustainability perspective

Scrieciu, S. Şerban and Stringer, Lindsay C. (2008) The transformation of post-communist societies in Central and Eastern Europe and the Former Soviet Union: An economic and ecological sustainability perspective. European Environment, 18 (3). pp. 168-185. ISSN 0961-0405 (Print), 1099-0976 (Online) (doi:10.1002/eet.480)

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Abstract

Since the collapse of Communism in Central and Eastern Europe and the Former Soviet Union, the reform process has been considerably infl uenced by the neoclassical economic approach to transition. This has heavily emphasized competitive markets and economic liberalization measures per se, often ignoring the establishment of adequate institutional frameworks and resulting in high transition costs and the sidelining of environmental concerns. Alternative models of market transformations in post-Communist societies have been forwarded in the literature, though these have been arguably less infl uential. We explore the role of these economic ideologies in shaping transition paths, with a focus on the Post-Keynesian economic approach as an alternative to the neoclassical paradigm. We further propose a holistic approach to transition to account for appropriate institutional developments in the area of environmental sustainability. We argue that transition economies need to reconsider their ‘market transformation’ process in order to capitalize on their potential and mark their own contribution to positive shifts in sustainable development paradigms.

Item Type: Article
Additional Information: [1] Article first published online: 13 JUN 2008. [2] Issue published: May/June 2008. [3] Published as: European Environment, May/June 2008, Vol. 18 (3), pp. 168–185. [4] Since 2009 European Environment has been published as Environmental Policy and Governance in conjunction with the European Society for Ecological Economics.
Uncontrolled Keywords: post-Communist societies, transition, environment, sustainability, neoclassical economics, Post-Keynesianism, ecological economics
Subjects: D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics
H Social Sciences > HX Socialism. Communism. Anarchism
Faculty / Department / Research Group: Faculty of Engineering & Science > Natural Resources Institute
Related URLs:
Last Modified: 09 Dec 2013 10:40
URI: http://gala.gre.ac.uk/id/eprint/9297

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