Political economy and the ghosts of the past: revisiting the Spanish and Romanian transitions to democracy
Published:
Dec 3, 2015
Keywords:
Romania transition perestroika neoliberalism
Abstract
Juan Linz and Alfred Stepan’s opus on democratic transition and consolidation put Spain and Romania at the extreme ends of these processes and paid little attention to the domestic and external economic constraints on the transition process. This paper interrogates these claims. It shows that in retrospect Spain looks a lot less exemplary and Romania a lot less hopeless than this iconic contribution suggested at the time. Moreover, while external economic shocks and local attempts to buffer them through social compensation shaped both transitions, Romanian governments faced balance of payments crises and international policy conditionality constraints, while their Spanish counterparts did not. This difference invites a greater appreciation of the role of political economy analyses when comparing the policy options of political elites ruling in times of democratic transition and consolidation.
Article Details
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Ban, C., & Tamames, J. (2015). Political economy and the ghosts of the past: revisiting the Spanish and Romanian transitions to democracy. Historein, 15(1), 62–82. https://doi.org/10.12681/historein.274
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Kolodko, Grzegorz W. “Transition to a Market and Entrepreneurship: The Systemic Factors and Policy Options.” Communist and Post-Communist Studies 33/2 (2000): 271–293.
Kolodko, Grzegorz W. “Transition to a Market Economy and Sustained Growth: Implications for the Post-Washington Consensus.” Communist and Post-Communist Studies 32/3 (1999): 233–261.
Kolodko, Grzegorz W. From Shock to Therapy: The Political Economy of Postsocialist Transformation. Oxford: Oxford University Press, 2000.
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