Growth without prosperity

Mikecz, R. (2015) Growth without prosperity. In: Annual conference of the Association for Heterodox Economics, 2nd-4th July, 2015, Southampton.

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Estonia’s post-socialist economic performance has been exemplary. Its liberal economy regularly outranks other Central and Eastern European economies, as well as numerous ‘Western’ economies in terms of competitiveness and economic freedom. The neoliberal virtues of small government, laissez-faire macroeconomic policies and international openness have all been reflected in its economy’s transformation. However, it is arguable whether the country’s economic success has been translated into a similar improvement in welfare. Using Estonia as a case, I argue that whereas the neoliberal shock therapy can be an effective tool for quick market-oriented reforms, its long-term use has adverse socio-economic impacts.

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions > HC0059 Economic development
Divisions: Faculty of Social and Applied Sciences > The Business School
Related URLs:
Depositing User: Robert Mikecz
Date Deposited: 08 Jun 2016 14:25
Last Modified: 08 Jun 2016 14:25

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Last edited: 29/06/2016 12:23:00