Library Header Image
LSE Research Online LSE Library Services

Whence reform? A critique of the Stiglitz perspective

Dabrowski, Marek, Gomulka, Stanislaw and Rostowski, Jacek (2001) Whence reform? A critique of the Stiglitz perspective. Journal of Policy Reform, 4 (4). 291 - 324. ISSN 1384-1289

Full text not available from this repository.
Identification Number: 10.1080/13841280108523423


This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wide-ranging critique of the “Washington Consensus”, with regard to transition reforms and economic policies in China and Russia. The primary purpose is to evaluate the Stiglitz perspective in the light of empirical evidence, including the experience of countries outside China and Russia. Although some of the points Stiglitz makes are important for understanding what has happened in the transition, this paper argues that his perspective mis-interprets the key facts of the Chinese transition, mis-describes the facts of the Russian transition and fails to consider the theoretical and policy implications of the success of a “third model”, which is represented by some Central European and Baltic transitions.

Item Type: Article
Official URL:
Additional Information: © 2001 OPA
Divisions: Economics
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises; Privatization; Contracting Out
P - Economic Systems > P1 - Capitalist Systems > P11 - Planning, Coordination, and Reform
P - Economic Systems > P5 - Comparative Economic Systems > P52 - Comparative Studies of Particular Economies
Date Deposited: 06 Nov 2008 15:17
Last Modified: 15 Sep 2023 12:36

Actions (login required)

View Item View Item