Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experiences

Jeffrey D. Sachs

No 5404, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: During the past five years, there has been an important debate over the differing styles of market reforms in the formerly planned economies in East Asia versus Eastern Europe and the former Soviet Union (EEFSU). This paper puts forward three related propositions. First, the rapid growth of East Asia, compared with economic contraction in EEFSU, reflects differences in economic structure and initial conditions, rather than differences in economic policymaking. Second, East Asian gradualism could not, and did not, work in EEFSU. Third, EEFSU continues to face serious problems with an overextended welfare state inherited from the socialist period.

JEL-codes: F02 P5 (search for similar items in EconPapers)
Date: 1996-01
Note: EFG IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Published as Jeffrey Sachs, 1995. "Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experience," Journal of the Japanese and International Economies, vol 9(4), pages 454-485.

Downloads: (external link)
http://www.nber.org/papers/w5404.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:5404

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w5404

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().