The Lessons of Limited Market-Oriented Reform
The waves of reform and restructuring now engulfing most of Eastern Europe did not begin from the same starting point in each country. While they all share a common economic legacy—the traditional Soviet-type centrally planned economy—some countries had been experimenting with limited forms of market-oriented reform for one or two decades. In particular, Hungary (since 1968) and Poland (since 1981-82) had been flirting with a market-oriented system for years, with programs aimed at achieving an efficient coexistence of plan and market. This paper will first examine the thinking behind the early attempts to combine plan and market. It will then outline some of the key elements of the limited market-oriented reforms undertaken in Hungary and Poland in the 1980s. Finally, it will suggest some of the important lessons from this experience.
Volume (Year): 5 (1991)
Issue (Month): 4 (Fall)
|Contact details of provider:|| Web page: https://www.aeaweb.org/jep/|
More information through EDIRC
|Order Information:||Web: https://www.aeaweb.org/subscribe.html|
When requesting a correction, please mention this item's handle: RePEc:aea:jecper:v:5:y:1991:i:4:p:45-58. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros)or (Michael P. Albert)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.