scholarly journals How China escaped shock therapy: the market reform debate from Isabella Weber: book rewiev

2021 ◽  
Author(s):  
Manuel Nuñez
Keyword(s):  
Shock Therapy ◽  
Market Reform ◽  
Reform Debate

This piece is a review of the book How China escaped shock therapy: the market reform debate (Weber2021). I endorse this study as the best one to understand the different actual outcomes beteween China and the (disipated) URSS.

Concatenation of Circumstances or Historical Regularity?

2009 ◽  
pp. 75-84
Author(s):  
V. Popov
Keyword(s):  
Transition Economies ◽  
Government Expenditure ◽  
Previous History ◽  
Shock Therapy ◽  
Economic Liberalization ◽  
Institutional Capacity ◽  
Government Failure ◽  
Stage Of Development ◽  
Optimal Policies ◽  
Cis Countries

Why have many transition economies succeeded by pursuing policies which are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of countries of Central Europe? First, optimal policies are context dependent, they are specific for each stage of development and what worked in Slovenia cannot be expected to work in Mongolia. Second, even for the countries with the same level of development reforms that are necessary to stimulate growth are different; they depend on the previous history and on the path chosen. The reduction of government expenditure as a share of GDP did not undermine significantly the institutional capacity of the state in China, but in Russia and other CIS countries it turned out to be ruinous. The art of the policymaker is to create markets without causing government failure, as happened in many CIS countries.

Shock Therapy

BMJ ◽  
1944 ◽  
Vol 1 (4334) ◽  
pp. 159-159
Author(s):  
D. N. Hardcastle
Keyword(s):  
Shock Therapy

Lung Abscess after Shock Therapy

BMJ ◽  
1951 ◽  
Vol 1 (4706) ◽  
pp. 586-587
Author(s):  
R. Thompson
Keyword(s):  
Shock Therapy ◽  
Lung Abscess
Sign in / Sign up

Export Citation Format

Share Document