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Whence reform? A critique of the stiglitz perspective

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Author Info

  • Marek Dabrowski
  • Stanislaw Gomulka
  • Jacek Rostowski

Abstract

This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wide-ranging critique of the “Washington Consensus”, with regard to transition reforms and economic policies in China and Russia. The primary purpose is to evaluate the Stiglitz perspective in the light of empirical evidence, including the experience of countries outside China and Russia. Although some of the points Stiglitz makes are important for understanding what has happened in the transition, this paper argues that his perspective mis-interprets the key facts of the Chinese transition, mis-describes the facts of the Russian transition and fails to consider the theoretical and policy implications of the success of a “third model”, which is represented by some Central European and Baltic transitions.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/13841280108523423
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Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Journal of Economic Policy Reform.

Volume (Year): 4 (2001)
Issue (Month): 4 ()
Pages: 291-324

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Handle: RePEc:taf:jpolrf:v:4:y:2001:i:4:p:291-324

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Related research

Keywords: Stiglitz; China; Russia; transition; debate; perspectives;

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References

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  1. Stephen Nickell & Luca Nunziata, 2000. "Employment Patterns in OECD Countries," CEP Discussion Papers dp0448, Centre for Economic Performance, LSE.
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Citations

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Cited by:
  1. Saul Estrin, 2001. "Competition and Corporate Governance in Transition," William Davidson Institute Working Papers Series 431, William Davidson Institute at the University of Michigan.
  2. Saul Estrin, 2002. "Competition and Corporate Governance in Transition," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 101-124, Winter.
  3. Carolyn Currie, 2003. "The Need for a New Theory of Economic Reform," Working Paper Series 131, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
  4. Carolyn Currie, 2005. "An Empirical Test of a New Theory of Economic Growth ? The Relationship Between External Debt and Economic Development," Working Paper Series 144, Finance Discipline Group, UTS Business School, University of Technology, Sydney.
  5. Marek Dabrowski & Radzislawa Gortat, 2002. "Political Determinants of Economic Reforms in Former Communist Countries," CASE Network Studies and Analyses 0242, CASE-Center for Social and Economic Research.
  6. Marek Dabrowski and Radzislawa Gortat, 2002. "Political and Economic Institutions, Growth and Poverty – Experience of Transition Countries," Human Development Occasional Papers (1992-2007) HDOCPA-2002-02, Human Development Report Office (HDRO), United Nations Development Programme (UNDP).
  7. Simon Burgess & H Turon, 2000. "Unemployment Dynamics, Duration and Equilibrium: Evidence from Britain," CEP Discussion Papers dp0474, Centre for Economic Performance, LSE.
  8. Marek Dabrowski & Artur Radziwill, 2007. "Regional vs. Global Public Goods: The Case of Post-Communist Transition," CASE Network Studies and Analyses 0336, CASE-Center for Social and Economic Research.
  9. Gouret, Fabian, 2007. "Privatization and output behavior during the transition: Methods matter!," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 3-34, March.
  10. Bell, Brian & Nickell, Stephen & Quintini, Glenda, 2002. "Wage equations, wage curves and all that," Labour Economics, Elsevier, vol. 9(3), pages 341-360, July.
  11. Marek Dabrowski & Oleksandr Rohozynsky & Irina Sinitsina, 2004. "Post-Adaptation Growth Recovery in Poland and Russia - Similarities and Differences," CASE Network Studies and Analyses 0280, CASE-Center for Social and Economic Research.

Lists

This item is featured on the following reading lists or Wikipedia pages:
  1. 1993年俄罗斯宪政危机 in Wikipedia (Chinese)
  2. 1993 Russian constitutional crisis in Wikipedia (English)

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