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| Author: | Laurila, J. Singh, R. |
| Title: | Sequential Reform Strategy |
| Journal: | Russian and East European Finance and Trade
2001 : MAY-JUN, VOL. 37:3, p. 25-76 |
| Index terms: | STRATEGY AZERBAIJAN MACROECONOMICS |
| Language: | eng |
| Abstract: | This paper is the Case of Azerbaijan. The authors' premise is that "macroeconomic," "structural," "institutional," or "microeconomic" reforms can be framed in the context of a "sequential reform strategy." The authors review the literature, noting that the reform process can be seen as a sequence of measures that focus first on macroeconomic reforms, next on reforms of public governance, then on development of the corporate sector, and finally on promotion of democratic institutions. A review of the literature notes the impact of initial conditions on transition. The case of Azerbaijan illustrates quite convincingly the country-specific nature of both the speed of reforms and the details of sequential reform. |
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