Purpose – The purpose of the paper is to develop alternative paths to the transition process as a result of alternative models of transition. Design/methodology/approach – A political economy methodology to the transition process results in alternative transition models. As a result five alternative models of transition come into being. Findings – Transition models can be distinguished on the basis of economic analysis, speed and the political structure. Each model recommended a set of economic policies to facilitate the transition process. The adoption of gradualist processes of transition – except in the case of shock therapy – requires a sequence by which the reforms should be introduced. Originality/value – The paper contributes to the transition literature by developing a set of economic policies combined with a sequence path for each transition model.
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