Financial Theory and Practice (Mar 2005)
Che Challenges of Real and Subjective Poverty and the Growth of Inequality in the Economies of South Eastern Europe in Transition
Abstract
From the beginning it was clear that during the transformation, all aspects of economic inequality were likely to be exacerbated and that poverty was likely to emerge. This paper discusses the size and consequences of transformation-generated changes in economic inequality and poverty, both “real” and “subjective”, for future economic growth and the legitimacy of continued transformation in the Mediterranean economies in transformation (Bosnia and Herzegovina, Croatia, Macedonia, Serbia and Montenegro and Slovenia), which have been expanded to include Romania and Bulgaria. This area is referred to as the “region”.
