Reform strategies in transitional economies: Lessons from Asia

Rana, Pradumna B.

doi:10.1016/0305-750x(95)00041-a

Cited by 24 publications

(21 citation statements)

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“…The experience of the SEATEs has been similar to that of the PRC and illustrates the advantageous flexibility of small-scale farms and enterprises (Rana, 1993). If the scale of production is relatively small, production techniques can be changed rapidly and new entrants can appear in response to changing relative prices and other macro-influences, such as trade liberalization, even in the absence of well-functioning financial markets.…”

Section: Differential Experiences and Post-transition Prospectsmentioning

confidence: 95%

Agriculture and the Transition to the Market in Asia

Green¹,

Vokes²

1997

Journal of Comparative Economics

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Section: Differential Experiences and Post-transition Prospectsmentioning

confidence: 95%

Agriculture and the Transition to the Market in Asia

Green¹,

Vokes²

1997

Journal of Comparative Economics

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“…Given that SOEs serve both economic and social functions, their closure potentially invokes considerable economic and political instability. Such instability is rampant in economies which have adopted a`big bang' approach to economic transition, and has seriously affected their development drives (Rana, 1995).…”

Section: State Banks and Economic Development In China 217mentioning

confidence: 99%

State banks and economic development in China

Laurenceson

Chai

2001

J of Intl Development

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State-owned banks remain dominant in China's financial sector despite over two decades of gradual financial liberalization. Their performance is typically evaluated using commercial banking criteria. The standard view is that because state banks have experienced declining profitability and capital adequacy, they have been a drain on past economic development and endanger future growth prospects. However, we argue that state banks have strong development bank characteristics and hence warrant different performance criteria. The analysis in this paper suggests that while thier commercial performance may have been poor, the overall impact of state banks on China's economic development appears to have been both positive and sustainable. Copyright © 2001 John Wiley & Sons, Ltd.

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“…Most economists on the other side of the debate advise for a gradual approach to liberalization, especially in countries witnessing large market rigidities, resource distortions, and macro-economic instability (Edwards (1992a), Rana (1995)). The advise for a gradualistic approach rather than shock therapy is based on lower short-term adjustment costs and smaller political opposition (Little, Scitovsky and Scott (1970), Choksi andPapageorgiou (1986), andMichaely (1986)).…”

Section: Sequencing Of Market Reforms: a Review Of The Literaturementioning

confidence: 99%