Building States and Markets After Communism

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The examination of state-building and market-building in 25 post-communist countries reveals that democracy can enhance economic reform and state institutions when political polarization is low. However, heightened polarization undermines these benefits, leading to less stable policies. Timothy Frye's analysis spans from 1990 to 2004, highlighting the intricate relationship between political dynamics and economic outcomes in the context of post-communist transitions.