Convergence and Divergence in Transformation: Comparison of Experiences of CEECs and China

Sato Tsuneaki

Chapter 1 in Transition from Socialist to Market Economies, 2009, pp 9-36 from Palgrave Macmillan

Abstract: Abstract Up until the end of the 1980s, the prevailing view in Central and Eastern Europe was that no serious reform of the socialist economic system was possible without radical changes in the political system, that is, without abolishing the dominant one-party rule. This was true even in Hungary in the 1980s, when the so-called third wave of economic reform was developing. Reform-minded economists, while acknowledging willingly the need for pluralization of the political system, remained pessimistic about the feasibility of this: their discussions always noted the barriers posed by the existing political system.

Keywords: Market Economy; State Ownership; Private Ownership; Market System; Former Soviet Union (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24498-6_2

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DOI: 10.1057/9780230244986_2

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