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Comparison of Chinese reform experience with other transition economies (in the example of Russia)

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  • Abasov, Muzaffar

Abstract

China and Russia were two most important communist countries of 20th century which decided to have transition towards a more liberal market economy. China followed a gradual reform strategy while Russia followed a rapid one. This paper analyses the reasons why China’s transition experience was much more successful when compared to Russia. Paper concludes that initial conditions of the economies, the strategies chosen and some external factors such as political situation played important role in the outcome of the reforms.

Suggested Citation

  • Abasov, Muzaffar, 2017. "Comparison of Chinese reform experience with other transition economies (in the example of Russia)," MPRA Paper 79841, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79841
    as

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    File URL: https://mpra.ub.uni-muenchen.de/79841/1/MPRA_paper_79841.pdf
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    References listed on IDEAS

    as
    1. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
    2. Li Jingjie, 1994. "The Characteristics of Chinese and Russian Economic Reform," Journal of Comparative Economics, Elsevier, vol. 18(3), pages 309-313, June.
    3. Buck, Trevor & Filatotchev, Igor & Nolan, Peter & Wright, Mike, 2000. "Different paths to economic reform in Russia and China: causes and consequences," Journal of World Business, Elsevier, vol. 35(4), pages 379-400, January.
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    More about this item

    Keywords

    transition economies; reform strategies; Chinese economy; Russian economy;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects

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