. Russia s transition since 1992 is examined as an example of the neoliberal approach, while China s transition since 1978 is … analyzed as an example of the state directed approach. The primary explanation for China s economically superior transition … state property into a capitalist system, the neoliberal transition strategy and the state directed transition strategy …

of trade with China became less friendly. Today, GDP in North Korea is reportedly lower than in 1990, notwithstanding a …

-random distribution of unobservable skills across the population of a transition country. At the beginning of the transition, people who …. This results in the differences in unobservable abilities and earnings capacity of people. We argue that cohort, a pre-transition … occupation, an urban place of birth, and nationality might serve as proxies for unobservable skills in the transition. The cohort …

; inflation was a key part of Robbins’s conception of (mis)handling scarcity. The irony that transition to the market led to …

or roll back the economic transition. Corruption and organized criminal activity, in particular, are explored, in both … crime is inappropriate under the conditions of Russian transition. While a large increase in corruption or organized crime …