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China; Economic Reform and Macroeconomic Management


  • Gyorgy Szapary
  • Steven V Dunaway
  • David Burton
  • Mario I. Bléjer


China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for other centrally planned economies in the midst of transition to free markets.

Suggested Citation

  • Gyorgy Szapary & Steven V Dunaway & David Burton & Mario I. Bléjer, 1991. "China; Economic Reform and Macroeconomic Management," IMF Occasional Papers 76, International Monetary Fund.
  • Handle: RePEc:imf:imfocp:76

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    References listed on IDEAS

    1. Reinhart, Carmen & Calvo, Guillermo, 2000. "When Capital Inflows Come to a Sudden Stop: Consequences and Policy Options," MPRA Paper 6982, University Library of Munich, Germany.
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    Cited by:

    1. A.S. Bhalla, 1998. "Sino-Indian Liberalization: The Role of Trade and Foreign Investment," Economic Change and Restructuring, Springer, vol. 31(2), pages 151-173, May.
    2. Aizenman, Joshua & Isard, Peter, 1993. "Externalities, incentives, and failure to achieve national objectives in decentralized economies," Journal of Development Economics, Elsevier, vol. 41(1), pages 95-114, June.
    3. Gelb, Alan & Jefferson, Gary & Singh, Inderjit, 1993. "Can Communist economies transform incrementally? China's experience," Policy Research Working Paper Series 1189, The World Bank.
    4. Lal, Deepak, 1995. "India and China: Contrasts in economic liberalization?," World Development, Elsevier, vol. 23(9), pages 1475-1494, September.
    5. Muhd-Zulkhibri Abdul Majid, 2004. "Reassessing The Stability of Broad Money Demand in Malaysia," Macroeconomics 0405020, EconWPA.

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