1991•RePEc: Research Papers in EconomicsRequires access

China Economic Reform and Macroeconomic Management

György Szapáry, Steven Dunaway, David Burton, Mario I. Bléjer

Abstract

China encountered problems preserving economic stability while pursuing reforms aimed at increasing its economic flexibility and efficiency. This paper examines China's experience with market-oriented reforms since 1978, offering lessons for other centrally planned economies in the midst of transition to free markets

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Key concepts: China, Economic reform, Flexibility (engineering), Planned economy, Economics, Economic system, Free market, Economic policy