Editor's Introduction

Joseph Fewsmith

Chinese Economy, 1995, vol. 28, issue 6, 3-3

Abstract: The two articles translated in this issue of >i>Chinese Economic Studies>/i> represent efforts by some of China's leading economic thinkers to explain the reform process and the problems that it faces in the post-Tiananmen period. The first article, by Lin Yifu, Cai Fang, and Li Zhou, enters the wide-ranging discussion on the relative merits of radical reform versus gradual or incremental reform. Lin and his colleagues argue that China's incremental approach to reform has allowed reform and development to proceed together, thus maintaining social stability and building support for reform. This process, they argue, makes the process of reform not only smoother but "irreversible."

Date: 1995
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