Transition and transition impact

A review of the concept and implications for the EBRD

This review discusses the EBRD’s approach to measuring and monitoring transition up until 2010, and proposes a rethink of the conceptual framework to reflect current thinking about dynamic institutional change and its impact on economic development. 

The EBRD has been actively engaged in its countries of operations for nearly 20 years, guided by its mandate to aid transition towards open, market-oriented economies, to promote private and entrepreneurial initiative and to assist in structural and sectoral economic reforms, including de-monopolisation, decentralisation and privatisation. As well as giving an overview of the objectives for change, this Report also provides some useful guidelines and suggestions.