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Lessons from China's economic reform (Английский)

The purpose of this paper is to summarize key lessons of China's economic reforms - both important successes and failures of the experiment - that may bear upon choices facing reformers in Eastern Europe, the former Soviet republics, and China in the 1990s. This paper identifies six key lessons from China's reform experience: a) importance of a leading sector, an important element of the "sequencing problem"; b) the efficacy of gradual and partial...
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