Acemoglu's model and the reality

Auteurs

• Gohar Yeranyan

Paramètres

• Affaires et économie

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This study, stemming from a Master's thesis at the American University of Armenia, explores a model by Turkish-American economist Acemoglu to address the conditions under which democracy can thrive in former Soviet Union countries (FSU). It focuses on six nations—Armenia, Belarus, Kyrgyzstan, Moldova, Russia, and Ukraine—highlighting the varied public institutions and behaviors of private groups across these states. The effects of transition often yield counterproductive outcomes, whether through "big bang" reforms or "gradualism." Gohar Yeranyan systematically examines the roles of elites, oligarchs, and interest groups, alongside issues like inequality, revolutionary potential, and the persistence of political institutions. She analyzes the political development paths in the FSU, the dynamics of democratization, and Acemoglu's model, emphasizing incentives for political and economic change. The study advocates for an EU-style democracy, which is posited to better balance diverse interest groups and foster economic growth that benefits a broader population, rather than just an oligarchy. Furthermore, it argues for a clear social policy to accompany these reforms. This work is refreshing from both EU and US perspectives and essential for FSU states, particularly in light of ongoing discussions within the EU's Eastern Partnership.

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• Année de publication: 2013