The Political Economy of Dual Transformations

This book examines how democratization can enhance market reforms in post-Communist countries, particularly focusing on Hungary's unique experience. The Political Economy of Dual Transformations challenges conventional wisdom.

In The Political Economy of Dual Transformations, David L. Bartlett explores the relationship between market reform and democratization in Eastern Europe, particularly focusing on the early 1990s. Contrary to the skepticism expressed by scholars during this period, which suggested that the rise of popular participation would impede economic reforms, Bartlett presents a compelling argument that democratization actually facilitated market reforms. By examining the political landscape, he highlights how the transition to democracy weakened the power of those most affected by marketization, allowing for a smoother implementation of economic changes.

The analysis primarily centers on Hungary, a country with a rich history of market reforms that serves as an ideal case study for understanding the effects of institutional change on reform policies. Bartlett's research challenges the prevailing notion that economic development and democratization are inherently incompatible, especially in light of the experiences in East Asia. By providing evidence that supports the notion of 'dual transformations,' he underscores the potential for successful political and economic transitions occurring simultaneously.

This book is particularly relevant for economists, political scientists, and anyone interested in the complexities of transition in former communist nations. The Political Economy of Dual Transformations not only contributes to the academic discourse surrounding democratic transitions but also offers insights into the political dynamics that shape economic stabilization and adjustment in these regions.