Spain's transition to democracy

Article Abstract:

Profound social, political and economic changes that occurred during the 1960s and 1970s, about 15 years before the death of Francisco Franco in 1975, were to lead to Spain's transition to democracy in the 1970s. This is why the nation's political transition was generally easy. Many believed that it would be impossible to end a dictatorship peacefully, yet it appears that Spain had truly learned many lessons from its history, not the least of which was the horror of a civil war. Other factors also contributed to Spain's transition to democracy.

Case studies, Political aspects, Spain, Political rehabilitation

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Economic transition in Croatia: an insider's view

Article Abstract:

The progress of economic development in Croatia is discussed. Efforts began in Oct 1993 with the implementation of the Stabilization Program aimed at controlling inflation and instituting structural reforms. These reforms include privatization and reorganization of public sector enterprises and the banking system. The program is considered a success, resulting in a budget surplus in 1994 and maintaining a deficit of below 1% of GDP thereafter.

Economic policy, Croatia

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Economic development and the limits of institutionalism

Article Abstract:

There is a recent consensus among economists that macro institutions need to be developed for economic development. The earlier view that structural developments will lead to growth treated the state and the economy as distinct entities. The new view is based on the reality of the economies of sub-Saharan African countries, East European countries and a recognition of the disparity between theory and experience.

Economics, Study and teaching

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