Gallina Andronova

Ideological Content of the East European Financial Sector Reform

Neoliberalism was envisioned as the leading ideology to drive the development of Central and Eastern Europe (CEE) from a communist to market-oriented economy at the beginning of transformation. Politicians and reformers embraced the ideas of democracy, competition, individual rights and private property, and propagated them passionately. It was the “West” – open and inviting – which was held in absolute awe in contrast to the failed socialism and its economic damages…
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