Dabrowski, Marek, Gomulka, Stanislaw and Rostowski, Jacek (2000) Whence reform? A critique of the Stiglitz perspective. CEP Discussion Papers (471). London School of Economics and Political Science. Centre for Economic Performance, London, UK. ISBN 0753014114
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Abstract
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 polices 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: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk |
| Additional Information: | © 2000 The Authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HB Economic Theory |
| Date Deposited: | 30 Jul 2008 12:59 |
| Last Modified: | 11 Dec 2024 18:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/20167 |
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