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- W73279132 abstract "Gradual and partial reform was the key feature of economic reforms in China and Vietnam, which demonstrated a different pattern of transition as compared to formerly communist countries in Russia and Eastern Europe – “neoclassical” big bang or radical approach. Whether this divergent pattern is due to differences in initial conditions or choices of policy is subject to debate. This paper argues that while initial conditions are important in determining and explaining why reforms were adopted, elite strategic choices of policy were the dominant factor that explains how reforms have been carried out. This paper has examined three key variables that have shaped the strategic choice of reform policy and therefore the pattern of economic transition from state socialism in China and Vietnam. The reform pace and direction have been shaped by a decade long disagreement, debate, and balance between reformers and conservatives along the three main dimensions, which has resulted in a gradual, phased, experimental and dual-track pattern of transition." @default.
- W73279132 created "2016-06-24" @default.
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- W73279132 date "2004-01-01" @default.
- W73279132 modified "2023-09-27" @default.
- W73279132 title "Economic Transition in China and Vietnam: A Comparative Perspective" @default.
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