The Economics and Politics of Transition to an Open Market Economy [E-Book]: China / Wing Woo
Woo, Wing.
Paris : OECD Publishing, 1999
66 p. ; 21 x 29.7cm.
englisch
10.1787/322178001745
OECD Development Centre Working Papers ; 153
Development
China, People’s Republic
Full Text
China is considered to be a particularly successful example of a gradual approach to transition from a command economy to a market economy. This paper reviews the initial conditions, the calendar of reform steps, and the political preconditions for liberalisation. It argues that gradualism was rather the result of a political balancing act between orthodox and reform–minded elements in the Chinese Communist Party than a deliberate approach towards facilitating transition. Economic liberalisation was considered as an instrument for safeguarding the power of the Party, but opinions differed on the degree of liberalisation needed to achieve this goal. Thus, the pace and the direction of the reform process were very much a function of the composition of the leadership of the Party at any given time ...