PART I: TRANSFORMATION, DECLINE AND UNSTABLE GROWTH Transition to Market: a Long and Undefined Journey The Great Transformation: Recession, Recovery and EU Conditionality PART II: INSTITUTIONAL CHANGE AND VARIETY OF CAPITALISM IN TRANSITION ECONOMIES Institutional Change: Old and New Institutionalism A Model of Institutional Change in Transition Economies Variety of Capitalism and Socio-Economic Models in Transition Economies PART III: CAPABILITY APPROACH, SOCIAL CAPITAL AND HUMAN DEVELOPMENT IN TRANSITION ECONOMIES Explaining Economic Development: Old and New Theories Institutions, Human Development, Economic Growth Origins of Development: Social Capital, Middle Class and Democracy Conclusion
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