East European “Big-Bang” Revisiting East Asia? Why Chinese “Gradual Transition” Can End Up with “Shock Therapy”
Polish and Russian “shock therapy” policies in 1990 and 1992 respectively were in fact forced deregulation packages aimed at preventing total macroeconomic and institutional collapse. Some important features of these packages were contrary to neo-classical prescriptions, since the “shock therapists”...
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| Format: | Article |
| Language: | English |
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National Sun Yat-sen University
2018-04-01
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| Series: | Contemporary Chinese Political Economy and Strategic Relations: An International Journal |
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| Online Access: | http://rpb115.nsysu.edu.tw/var/file/131/1131/img/2374/CCPS4(1)-Karpov.pdf |