The transistion of the "Old Communist" countries of East and Central Europe has been disappointingly slow given the amount of physical and human capital available at the start of the transition. We argue that this slowness is caused by the lack of social capital, which is an important factor of...

The transition of the »Old Communist« countries of East and Central Europe has been disappointingly slow given the amount of physical and human capital available at the start of the <p> transition. We argue that this slowness is caused by the lack of social capital, which is an <p> important factor...</p></p>