Buy custom What comes first in the transition from communism: democracy or private enterprise?

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However, as they would soon learn, it takes a lot longer for economic and political reforms to bear fruit than it takes for them to be set up.

Bearing this in mind, policy makers had a hard time deciding between two reform strategies. The first strategy was to implement radical economic reforms using the neoliberal blueprint ? by privatising enterprises, liberalising prices and creating stable macroeconomic environment to encourage international trade ? which would at first lead to mass unemployment and social dislocation as the entire structure of the economy was reorganised, but if done correctly could promote faster growth in the future...

The supporters of this approach claimed that reformers must be insulated from interest groups, and changes must be implemented in a "window of opportunity," which is a period of "extraordinary" politics when people are more inclined to act for the common good and accept radical reform. Thus they argue that "normal" democracy, where opposing interest groups can affect decisions and cause an anti-reform backlash, should wait until later...

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