Abstract

http://ssrn.com/abstract=225465
 
 

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Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences


Jeffrey D. Sachs


Columbia University - Columbia Earth Institute; National Bureau of Economic Research (NBER)

January 1996

NBER Working Paper No. w5404

Abstract:     
During the past five years, there has been an important debate over the differing styles of market reforms in the formerly planned economies in East Asia versus Eastern Europe and the former Soviet Union (EEFSU). This paper puts forward three related propositions. First, the rapid growth of East Asia, compared with economic contraction in EEFSU, reflects differences in economic structure and initial conditions, rather than differences in economic policymaking. Second, East Asian gradualism could not, and did not, work in EEFSU. Third, EEFSU continues to face serious problems with an overextended welfare state inherited from the socialist period.

Number of Pages in PDF File: 70

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Date posted: July 12, 2000  

Suggested Citation

Sachs, Jeffrey D., Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences (January 1996). NBER Working Paper No. w5404. Available at SSRN: http://ssrn.com/abstract=225465

Contact Information

Jeffrey D. Sachs (Contact Author)
Columbia University - Columbia Earth Institute ( email )
314 Low Library
535 West 116th Street, MC 4327
New York, NY 10027
United States
212-854-8704 (Phone)
212-854-8702 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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