Lessons from the Political Economy of Renewal Alice Amsden Michael Intriligator Robert Mclntyre Lance Taylor The poor economic performance and the resulting political instability of the post-socialist countries have stemmed from copying the wrong capitalist model voluntarily or otherwise. Until they learn from both their own past and the experience of successful late-industrialisers and piece together their own sensible policies, specifically geared to their current status, their efforts to restructure and to make a transition to a market economy will continue to sputter.
