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This is the third and final paper in a three-part series exploring the decision-making process in China. Presenting … Communist Party of China's control of economic policy. His top-level design embraces stability as the top principle while … initiative, was introduced to confront the most pressing issue in China's economy, i.e., economic restructuring, and to deliver …
Persistent link: https://www.econbiz.de/10014565839
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We argue, due to the conspicuous failure of Washington Consensus-guided reforms in most part of the developing world in 1990s and the outbreak of the current global financial crisis, Washington Consensus, as a general term of the neoliberal free market economic thinking, has been withering. In...
Persistent link: https://www.econbiz.de/10012142429
This article examines recent and potential reforms in India's fiscal federal system. We summarize key federal institutions in India, including tax and expenditure assignments, and mechanisms for Center-state transfers. We discuss the institutional process by which reforms can and do take place,...
Persistent link: https://www.econbiz.de/10010322734
Angola’s difficulties in achieving macro-economic stability and economic liberalization have serious implications for private-sector development. Hyperinflation, and frequent policy reversal, constrain and distort investment in both the informal and formal parts of the private sector. But...
Persistent link: https://www.econbiz.de/10010333031
Why have economic reforms aimed at reducing the role of the state been successful in some cases but not others? Are reform failures the consequence of leviathan states that hinder private economic activity, or of weak states unable to implement policies effectively and provide a supportive...
Persistent link: https://www.econbiz.de/10010269020
Vietnam's development performance since the early 1990s has been one of the strongest in the world, following the introduction of its doi moi (renovation) economic reform programme in 1986. The core of Vietnam's economic strategy has been rapid integration into the world economy, with a...
Persistent link: https://www.econbiz.de/10010273512
Privatization, together with liberalization and deregulation, constituted the core of Mozambique's economic transition. Privatization in Mozambique has taken place on an unusually large scale in comparison with the rest of Africa. Privatization interacted with military demobilization and...
Persistent link: https://www.econbiz.de/10010279150
Using panel data this paper examines the effects of institutions on the success of reforms and integration in the Maghreb. Institutional quality measures are developed using fuzzy-set based transformations of civil liberties and political rights. We posit that these transformations are quite...
Persistent link: https://www.econbiz.de/10010279197
The recent emphasis on governance in Africa is unique in that it was initiated by donors and not by domestic leaders under pressure from their own constituencies. Thus while many countries have embraced the market economy and liberalized their policies, issues related to political participation,...
Persistent link: https://www.econbiz.de/10010279327