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| Tekijä: | Zengxiam, W. |
| Otsikko: | How successful has state-owned enterprise reform been in China? |
| Lehti: | Europe-Asia Studies
1997 : NOV, VOL. 49:7, p. 1237-1262 |
| Asiasana: | SUCCESS CHINA ENTERPRISE |
| Kieli: | eng |
| Tiivistelmä: | Opponents of Big Bang strategies, like those implemented in Central and Eastern Europe, point to the Chinese example of gradualist transition, which has produced real GDP growth to more than 9% per annum for 17 years by now, and contrast that with the 15-70% cumulative declines in output over the past five years in East European countries and the former Soviet Union. The Chinese transition has recently become a major focus of attention because its unique combination of dynamic performance and unusual institutional arrangements challenges mainstream notions about the transition of the socialist system. |
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