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

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  • Jeffrey Sachs
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    Abstract

    During the past five years, there has been an important international debate over the style of market reforms in the former centrally planned economies of East Asia, Eastern Europe, and the former Soviet Union. The economic performance across regions, summarized in Table 1, could not be more disparate, with rapid economic growth and low inflation in the East Asia transition economies, compared with sharp declines in GDP and high inflation in Eastern Europe and the Former Soviet Union (hereafter combined as EEFSU). This disparity has given rise to a plethora of theories about the underlying differences in the two regions, ranging over cultural, political, and economic factors.

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    File URL: http://www.case-research.eu/upload/publikacja_plik/3414856_039.pdf
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    Bibliographic Info

    Paper provided by CASE-Center for Social and Economic Research in its series CASE Network Studies and Analyses with number 0039.

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    Length: 29 Pages
    Date of creation: 1995
    Date of revision:
    Handle: RePEc:sec:cnstan:0039

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    Keywords: Eastern Europe; reforms; East Asia;

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    1. Alwyn Young, 1992. "A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore," NBER Chapters, in: NBER Macroeconomics Annual 1992, Volume 7, pages 13-64 National Bureau of Economic Research, Inc.
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    Cited by:
    1. Vai-Lam Mui & Timothy N. Cason, 2004. "Uncertainty and Resistance to Reform in Laboratory Participation Games," Econometric Society 2004 Australasian Meetings 1, Econometric Society.
    2. Philip R. Lane, 2003. "The International Community and the CIS-7," The Institute for International Integration Studies Discussion Paper Series iiisdp04, IIIS.

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