Munich Personal RePEc Archive

Comparison of Chinese reform experience with other transition economies (in the example of Russia)

Abasov, Muzaffar (2017): Comparison of Chinese reform experience with other transition economies (in the example of Russia).

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Abstract

China and Russia were two most important communist countries of 20th century which decided to have transition towards a more liberal market economy. China followed a gradual reform strategy while Russia followed a rapid one. This paper analyses the reasons why China’s transition experience was much more successful when compared to Russia. Paper concludes that initial conditions of the economies, the strategies chosen and some external factors such as political situation played important role in the outcome of the reforms.

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