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| Author: | Qian, Y. |
| Title: | The process of China's market transition (1978-1998): the evolutionary, historical, and comparative perspectives |
| Journal: | Journal of Institutional and Theoretical Economics
2000 : MAR, VOL. 156:1, p. 151-171 |
| Index terms: | ECONOMIC THEORY CHINA MARKET INFORMATION |
| Language: | eng |
| Abstract: | China's transition to the market followed a different path from those countries in eastern Europe and the former Soviet Union. This paper tells the story of this transition process. In the first stage (1979-1993), the system was reformed incrementally to improve incentives and increase the scope of the market. In the second stage (from 1994), new institutions supporting the market are being built before old institutions have been destroyed. |
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