Theory and reality of transition to a market economy
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Theory and reality of transition to a market economy

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Published by Foreign Languages Press in Beijing .
Written in English



  • China,
  • China.


  • Mixed economy -- China.,
  • Marketing -- China.,
  • China -- Economic conditions -- 1976-2000.

Book details:

Edition Notes

Other titlesChung-kuo tsou hsiang shih chʻang chingchi ti li lun yü hsien shih
Statementchief editors, Gao Shangquan and Chi Fulin ; written by Sun Xiuping, Zhu Huayou, and Yao Tiejun.
SeriesStudies on the Chinese market economy series
ContributionsGao, Shangquan., Chi, Fulin., Zhu, Huayou., Yao, Tiejun.
LC ClassificationsHC427.92 .S942 1995
The Physical Object
Pagination358 p. ;
Number of Pages358
ID Numbers
Open LibraryOL583595M
LC Control Number96173161

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Taking the market economy or the market as the topic, I propose to examine the theory (theories) about it, the manner in which it lends itself to propaganda, and a way of having a more realistic understanding about it. I shall begin with an elementary theory of the market and the manner in which it has become a tool of propaganda in Section I.   If the process of reform and opening-up is considered part of an economic transition, such a transition has been under way in China for more than 30 years. China’s reform and opening-up started out by “crossing the river by feeling for the stones” in , but today’s economic transition can no longer continue in this : Yinxing Hong. Transition indicators. The existence of private property rights may be the most basic element of a market economy, and therefore implementation of these rights is the key indicator of the transition process.. The main ingredients of the transition process are: Liberalization – the process of allowing most prices to be determined in free markets and lowering trade barriers that had shut off. Development theory, cluster of research and theories on economic and political development.. The emergence of development theory. The use of the term development to refer to national economic growth emerged in the United States beginning in the s and in association with a key American foreign policy concern: how to shape the future of the newly independent states in ways that would .

Downloadable! In , the former communist countries embarked on a transition from centrally planned command economies to market economies (and from repressive dictatorships to Western-style democracies). In addressing the question,"What is the optimal strategy for this transformation?", the author revisits the controversy about how quickly and radically the new market rules and their. A transition economy is one that is changing from central planning to free markets. Since the collapse of communism in the late s, countries of the former Soviet Union, and its satellite states, including Poland, Hungary, and Bulgaria sought to embrace market capitalism and abandon central planning. However, most of these transition economies have faced severe difficulties and constraints. A moral economy is an economy that is based on goodness, fairness, and justice, as opposed to one where the market is assumed to be independent of such concerns. The concept was an elaboration by English historian E.P. Thompson, from a term already used by various eighteenth century authors, who felt that economic and moral concerns increasingly seemed to drift apart (see Götz ). Search the world's most comprehensive index of full-text books. My library.

"Transition to a Market Economy: Explaining the Successes and Failures," in Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, Xiaobo Zhang (eds.), The Oxford Companion to the Economics of China, New York and Oxford: Oxford University Press, , pp. hypotheses test the market transition theory with household- and village-level data. Economic reform provides an unusual oppor-tunity to study the transition of a state socialist redistributive economy to a market-like economy. Thus far researchers have focused on issues relating to efficiency and institutional change in analyzing the effects of. Economics of Transition publishes high-quality, refereed articles on the economics of structural transformation, institutional development, and growth. It presents innovative theoretical work and econometric analyses of the process of economic reform and its macroeconomic effects. The journal aims to promote new thinking on how institutions and institutional change can be analyzed and .   'The transition from central planning to a market type economy is one of the most important and challenging "events" that have affected the world economy in recent decades. This book does an outstanding job of bringing transition to life by showing how the process has affected the economy in general, employment, living standards, and much else.