Asian Economies in Transition analyses and evaluates the experience
of the eleven Asian economies undertaking the transition from
central planning to a more market-oriented approach.China,
Indochina, Mongolia, Azerbaijan and the Central Asian Republics are
the focus of Richard Pomfret's book which begins with a detailed
discussion of the Chinese model of transition highlighting its
failures as well as its successes. Vietnam's experience, while
offering the closest parallel to China's reform strategy, is shown
by the author to contain more explicit macroeconomic policy reforms
and greater practical attention to the problem of inefficient state
enterprises. Dr Pomfret also discusses the less happy experience of
the Asian republics of the former Soviet Union, the break-up of the
rouble zone, and the interesting counterpoint provided by the
Mongolian economy. The Tumen River project is also examined as an
example of cooperation between reformed and non-reformed Socialist
economies.
General
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