This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...

This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform's initial success having a negative impact...

A critical analysis of the economic reforms of Mikhail Gorbachev, which claims that the Soviet leader did little to counter the nation's overindulgence in heavy industry or to combat a burgeoning budget deficit. The resultant economic collapse, it is argued, led to political disintegration.