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In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy …
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This paper surveys (1)the reasons for economic reform in China to be introduced in 1978, (2)the major components of economic reform, (3) the characteristics of the reform process, (4) why reform was successful, (5) the shortcomings of China¡¯s economic institutions, (6) the factors...
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economic stabilization, privatization, and price liberalization. Optimism over Russia¡¯s market reforms vanished with the crash …This book examines the failure of economic reform in Russia since 1991, when Boris Yeltsin proclaimed his commitment to … market-driven one. The Logic of Economic Reform in Russia illuminates the general problems of establishing market economies …
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Recent studies have highlighted the adverse impact of corruption on economic performance. This paper advances the hypothesis that corruption is largely a symptom of underlying weaknesses in public policies and institutions, a formulation that provides deeper insights into economic performance...
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