The transition from a planned to a market oriented economy requires a complex amalgam of stabilization, liberalization and privatization policies. This paper outlines a combination of policies believed to be necessary, if not sufficient to enlist the efficiency of market mechanisms along with a more equalitarian distribution of wealth that can provide a natural safety for citizens during the transition process. Reference: Challenge, May/June 1990, pp. 46-53
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Paper provided by EconWPA in its series Others with number
0502005.
Find related papers by JEL classification: P2 - Economic Systems - - Socialist Systems and Transition Economies P3 - Economic Systems - - Socialist Institutions and Their Transitions O1 - Economic Development, Technological Change, and Growth - - Economic Development O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook H1 - Public Economics - - Structure and Scope of Government
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