OECD Development Centre Working Papers

The OECD Development Centre links OECD members with developing and emerging economies and fosters debate and discussion to seek creative policy solutions to emerging global issues and development challenges. This series of working papers is intended to disseminate the OECD Development Centre’s research findings rapidly among specialists in the field concerned. These papers are generally available in the original English or French, with a summary in the other language.

English, French

Globalisation and Transformation

Illusions and Reality

The globalisation of economic relationships and the systemic transformation in post-socialist countries are two interlacing processes and a mark of the turn of the century. Globalisation, that is, the institutional and real integration of national and regional markets into a single worldwide organism, is neither restricted to the last few decades, nor is it, as yet, an irreversible, let alone complete process. Even in its most advanced form it does not absolve nations from adopting sound economic policies, and their quality remains essential for economic efficiency and growth. In contrast, the market transformation of post-socialist economies and their integration with the world economy along capitalist lines is irreversible — precisely because of globalisation. The transformation will soon be complete, unlike globalisation, because the latter, being a dynamic, open-ended process, has no end, just as there is no end to socio-economic development. For this reason, and bearing in ...


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