BEYOND TRANSITION

Abstract

Abstract
The social phenomenon known as transition deemed to be unique in history. This process is a part of a broader globalization
process and completes it in three essential points: dynamics, dimensions and effects. If we exclude political and ideological
views, the main argument in favor of transition was based on the firm belief that the transition to a market-led economy
increases competitiveness and efficiency of the former regulated economy. It was expected that after a short period of
contraction, recovery will appear followed by rapid economic growth. That did not happen, and delay of the transition got
characteristics of transitional depression that held more than two decades in various countries. It is therefore necessary to
indicate the general causes, extent and consequences of long-term transitional crisis, and to analyze its different modalities,
routes of recovery and growth in specific countries.