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The formal comparison of similarities and differences of Chinese and Western economic models misses the most important point. The uniqueness of China is that it looks very much like a developed country today in terms of institutional capacity of the state, even though it is a developing country...
Persistent link: https://www.econbiz.de/10008805844
Uzbekistan is not usually considered an economic success story, but in fact it is: its GDP increased since 1989 more than in any other post-communist country, except for China, Vietnam and Turkmenistan. The success of Uzbekistan is very much similar to the Chinese – gradual economic reforms...
Persistent link: https://www.econbiz.de/10011259609
Understanding the degree and evolution of competition across industries is an important step towards understanding the impact of economic reform and competition on economic growth in Vietnam during the economic transition. In this paper, we investigate evolution of competition in Vietnam during...
Persistent link: https://www.econbiz.de/10009325584
analysis approach is used to reveal the discrepancies in development strategies of Russia and of South Korea. The paper claims …
Persistent link: https://www.econbiz.de/10011259233
ask whether democracy also has a stabilizing effect on trend-volatility, i.e. whether more democratic countries experience … policies and financial development, we find that democracy is the most robust predictor of a country's propensity for growth … the positive relationship between democracy and industrial diversification. …
Persistent link: https://www.econbiz.de/10005622063
There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as compared to the US … in Russia. A comparison of Russian actual prices for foods with those in the US evidences that they are comparable …
Persistent link: https://www.econbiz.de/10005619754
George Orwell is famous for his two final fictions, Animal Farm and Nineteen Eighty-Four. These two works are sometimes understood to defend capitalism against socialism. But as Orwell was a committed socialist, this could not have been his intention. Orwell's criticisms were directed not...
Persistent link: https://www.econbiz.de/10011274383
Emerging consensuses among growth economists view good institutions as the key determinant of improving economic growth. This study examines weather institutions measures, such as more transparent, accountable government, rule of law, sound civil liberty and competitive political participation...
Persistent link: https://www.econbiz.de/10011259344
In the process of non-ergodic economic changes, path dependence and state dependence will become two main constraints of reform; this dependence determined the embeddeded structure of reform and its evolution. This article refined a theoretical framework for analysis reform on the...
Persistent link: https://www.econbiz.de/10005260140
Without necessarily reduce it to a single cause, this article lays stress on the cultural foundations of the Chinese postsocialist transformation. The process began with what we call a «cultural shock» brought about the opening of the country and took the form of an ideological aggiornamento....
Persistent link: https://www.econbiz.de/10005836804