Transition and Institutions: The Experience of Gradual and Late Reformers

Hardcover | July 15, 2001

EditorGiovanni Andrea Cornia, Vladimir Popov

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The gradual introduction of market reforms in China since 1978 and their subsequent massive and rapid adoption in the former Soviet bloc triggered an intense debate on the factors and policies which promote a smooth transition to a market economy. Particularly during its initial phase, suchdebate has focused on liberalization, privatization, and the macroeconomy of the countries of Central and Eastern Europe, and Russia. Other reforming economies and aspects increasingly recognized as key to a successful transition have received less attention in the academic literature. This volume attempts to fill the gap by reviewing the often- neglected role of initial structural and institutional conditions and their subsequent development during the course of the transition. The volume focuses in particular on China, Russia, and the often-ignored countries of Central Asia,Vietnam, and those economies - such as Cuba and North Korea - which are in the very early phases of the reform process.

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The gradual introduction of market reforms in China since 1978 and their subsequent massive and rapid adoption in the former Soviet bloc triggered an intense debate on the factors and policies which promote a smooth transition to a market economy. Particularly during its initial phase, suchdebate has focused on liberalization, privatiz...

Giovanni Andrea Cornia is Special Adviser for Research, UNICEF. Vladimir Popov is Visiting Professor in the Department of European and Russian Studies, Carleton University.

other books by Giovanni Andrea Cornia

Format:HardcoverDimensions:288 pages, 9.21 × 6.14 × 0.79 inPublished:July 15, 2001Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199242186

ISBN - 13:9780199242184

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Table of Contents

I. Introduction and overview1. Giovanni Andrea Cornia and Vladimir Popov: Structural and Institutional Factors in the Transition to the Market Economy: an OverviewII. Lessons from Selected Country Case Studies2. Vladimir Popov: Russia: Inconsistent Shock Therapy with Weakening Institutions3. Richard Pomfret: Reform Paths in Central Asian Transitional Economies4. Fan Gang: The Chinese Road to the Market: Achievements and Long-term Sustainability5. Manuel Montes: Vietnam: Transition as a Socialist Project in East Asia6. Keun Lee: The Tortuous Road to the Market in North Korea: Problems and Prospects7. Manuel Pastor Jr.: Cuba: the Stalled TransitionIII. Changes in Key Institutions8. Derek C. Jones: Economic Performance in Transitional Economies: the Role of Ownership, Incentives and Restructuring9. Laixiang Sun: Unorthodox Ownership and Governance Structures in Transitional East Asia10. Giovanni Andrea Cornia: Transition Approaches, Institutions and Income Inequality11. Martin Raiser: Informal Institutions, Social Capital and Economic Transition: Reflections on a Neglected Dimension