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• W2321163920 abstract "The transformation of the world's command economies into market systems constitutes one of the greatest peaceful revolutions of the twentieth century. More debatable, however, is the extent to which this transformation in analytical terms should be treated as a singular phenomenon, a unique category of institutional change replete with its own particular challenges, maladies, and pathologies. Much of the scholarly work on transition-indeed, the very fact that there is a specific literature associated with postsocialist transition-is premised on precisely this notion of singularity. Within this context, debates have gone on to examine procedural issues of optimal pace (gradual and piecemeal or rapid and sweeping) and optimal property rights arrangement (full-scale privatization or some variant of state ownership). For all their vitality and passion, though, these debates share a certain backwardlooking quality. The clearest reference point in all discussions is socialism, the prior institutional arrangement that virtually everybody agrees is undesirable. Questions then turn on how best to distance a given system from that clear referent in the past. How can the politicization of economic activity so central to socialism be eliminated?1 How can societal groupings with a stake in the old system be countered, undercut, or otherwise reoriented so as to allow change to proceed?2 How can growth-inducing markets be allowed to emerge from the underbrush of an old order? When growth fails to emerge, explanations then frequently refer to persistent institutional legacies of the socialist past, insufficiently liberal economic policies, or frustratingly powerful antireform coalitions.3 In assuming the singularity of transition, scholarly studies, to the extent they pursue a comparative approach, draw comparisons almost exclusively from within the camp of formerly socialist systems (for example, Russia versus China or Poland versus Hungary). Rarely are comparisons between such systems and their developed and developing market economy counterparts considered relevant.4 This delineation of the appropriate bounds for comparison, however, carries with it certain implicit assumptions about causation. In other words, the delineation itself is predisposed toward certain kinds of explanations of economic outcomes while it is distanced from others. More" @default.
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• W2321163920 date "2002-07-01" @default.
• W2321163920 modified "2023-10-16" @default.
• W2321163920 title "Moving beyond Transition in China: Financial Reform and the Political Economy of Declining Growth" @default.
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• W2321163920 doi "https://doi.org/10.2307/4146944" @default.
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