BIG BANG VS. GRADUALISM: IS THERE A CHOICE? LESSONS FROM THE POLICH AND HUNGARIAN EXPERIENCES PDF Download
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Author: Renzo DAVIDDI
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Renzo DAVIDDI
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: Renzo Daviddi
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Shang-Jin Wei
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 24
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Book Description
Author: Isabella M. Weber
Publisher: Routledge
ISBN: 042995395X
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
Author: Yew-Kwang Ng
Publisher:
ISBN:
Category : China
Languages : en
Pages : 59
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Book Description
Author: Andrew Feltenstein
Publisher: International Monetary Fund
ISBN:
Category : Capitalism
Languages : en
Pages : 46
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Book Description
Author: Andrew Feltenstein
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the speed and sequencing of reforms, and not to provide a basis for policy recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing. The paper also underscores the limitations involved in attempting to derive conclusions from the model, given the complexity of the issues.
Author: Mr.Andrew Feltenstein
Publisher: INTERNATIONAL MONETARY FUND
ISBN: 9781451852141
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
This paper reviews briefly the controversy in the literature concerning the speed of adjustment and sequencing of reforms, and presents a model parameterized with Chinese data. The model is used to generate different policy simulations to illustrate some of the key issues in the debate on the speed and sequencing of reforms, and not to provide a basis for policy recommendations for China. The simulations highlight the importance of the criteria being used for determining speed and sequencing. The paper also underscores the limitations involved in attempting to derive conclusions from the model, given the complexity of the issues.
Author: Gérard Roland
Publisher: MIT Press
ISBN: 9780262681483
Category : Business & Economics
Languages : en
Pages : 440
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Book Description
The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Author: Barbara G. Katz
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We derive the exact conditions for choosing between the big-bang strategy and a gradualist package following the model of Dewatripont and Roland (1995, Amer. Econ. Rev. 85, 5:1207-1223). We consider gradualism as an option of early bailout and derive its option price. We show how the option price can be used to select between gradualism and the big-bang strategy, between different gradualist packages, and between the best gradualist package and the big-bang strategy. Our results show that the fundamental proposition of Dewatripont and Roland is incorrect so that we conclude that their case against the big-bang strategy is overstated.
