Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105749
Authors: 
Kotz, David M.
Year of Publication: 
2005
Series/Report no.: 
Working Paper, University of Massachusetts, Department of Economics 2005-04
Abstract: 
This paper compares two radically different approaches to transforming an economic system based on central planning and state property into a capitalist system, the neoliberal transition strategy and the state directed transition strategy. Russia’s transition since 1992 is examined as an example of the neoliberal approach, while China’s transition since 1978 is analyzed as an example of the state directed approach. The primary explanation for China’s economically superior transition performance is located in the advantages of the state directed transition strategy. However, contradictions in a state directed transition strategy are identified which tend to promote an eventual shift toward a neoliberal strategy. JEL Categories: P27, P21, P52
Subjects: 
transition
neoliberalism
state
Russia
China
Document Type: 
Working Paper

Files in This Item:
File
Size
151.81 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.