Keywords: economic systems, transition, economic growth, public sector economy, oil
Anders Åslund, who joined the Institute as …: trANsItIoN to A mArket ecoNomy Works
When the transition to a market economy started, recorded output plummeted in all countries …, though
the Soviet economy had already been in free fall. In 1990 only Poland and Hungary launched their transi-
tions. The …