English, Article, Journal or magazine article edition: Globalisation and Transformation: Illusions and Reality Grzegorz W. Kolodko

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Bookmark: http://trove.nla.gov.au/version/86187
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  • preprint
Language
  • English

Edition details

Title
  • Globalisation and Transformation: Illusions and Reality
Author
  • Grzegorz W. Kolodko
Physical Description
  • preprint
Notes
  • The globalisation of economic relationships and the systemic transformation in post-socialist countries are two interlacing processes and a mark of the turn of the century. Globalisation, that is, the institutional and real integration of national and regional markets into a single worldwide organism, is neither restricted to the last few decades, nor is it, as yet, an irreversible, let alone complete process. Even in its most advanced form it does not absolve nations from adopting sound economic policies, and their quality remains essential for economic efficiency and growth. In contrast, the market transformation of post-socialist economies and their integration with the world economy along capitalist lines is irreversible — precisely because of globalisation. The transformation will soon be complete, unlike globalisation, because the latter, being a dynamic, open-ended process, has no end, just as there is no end to socio-economic development. For this reason, and bearing in ... La globalisation des relations économiques et la transformation systémique intervenue dans les anciens pays socialistes sont deux processus entrelacés et qui marquent d’un jalon le tournant du siècle. La globalisation — autrement dit l’intégration institutionnelle et réelle des marchés nationaux et régionaux dans un mécanisme planétaire unique — n’est pas l’apanage des quelques dernières décennies, pas plus qu’il constitue un processus irréversible, et encore moins achevé. Même dans sa forme la plus avancée, il ne dispense pas les pays d’adopter des politiques économiques saines, et la qualité de ces politiques reste un élément essentiel de l’efficacité économique et de la croissance. Inversement, le passage à l’économie de marché des pays issus du monde socialiste et leur intégration dans l’économie mondiale sur la base de principes capitalistes est, lui, irréversible — précisément du fait de la globalisation. Cette transformation des ex-pays socialistes sera bientôt terminée ...
  • RePEc:oec:devaaa:176-en
Language
  • English
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