Journal of Social Economics Research 2312-6329 2312-6264 10.18488/journal.35.2017.41.1.8 Journal of Social Economics Research Specifying Quality of Governance in Transition Economies with Cluster Analysis Journal of Social Economics Research Journal of Social Economics Research 03-2017 2017 03-2017 03-2017 4 1 1 8 22 Nov 2016 26 Jan 2017 With the collapse of Soviet Russia, transition of communist countries towards the market economy not only caused an economic transformation but also formal and informal constraints, institutional structures and legal norms in society were changed. IMF's and World Bank’s reports and governance concept containing neoliberal policies that took place in World Bank’s publications were important factors behind this transition. In this study, it is aimed to analyze quality of governance in transition economies by the year 2014. With this framework, Cluster analysis is performed by Ward (1963) Minimum Variance Method by using World Bank Governance and Freedom House dataset.<br>