|
||||
|
||||
Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian ExperiencesJeffrey D. SachsColumbia 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 working papers seriesDate posted: July 12, 2000Suggested CitationContact Information
|
|
||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo7 in 0.453 seconds