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Transfers and the transition from socialism : key tradeoffs (English)

The old days in the now transition societies were characterized by stagnant incomes, rationed goods, and few civil liberties, but a high degree of income security. The early days of reform have brought crashing incomes, more goods, civil liberties, and rising insecurity. Most countries are set on a course toward some form of capitalism, which by definition means greater risk-taking, less security, and almost certainly greater inequality in income...
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Krumm,Kathie L.; Milanovic,Branko L.; Walton,Michael.

Transfers and the transition from socialism : key tradeoffs (English). Policy, Research working paper ; no. WPS 1380 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/236191468741344716

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