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Mandatory Fields
ANET/COS
Gerard Turley
2015
April
Economic Transformation: From Central Planning to Market Economy
Author
Published
1
Optional Fields
economic transition, centally planned economy, market economy
International Encyclopedia of the Social & Behavioral Sciences
This article outlines the economic transformation from central planning to the market system that socialist countries embarked upon at the end of the twentieth century. Over 30 countries, comprising Central and Eastern European countries, republics of the former Soviet Union, China and Vietnam, undertook the transition from plan to market and from socialism to capitalism. Key elements of the transformation are discussed, namely, theories and paradigms, central planning and initial conditions, reforms and economic policies, institutions, performance and outcomes, and, finally, lessons and an assessment of this unique social science experiment.
Oxford
Elsevier
James D. Wright (editor-in-chief)
9780080970868
2nd edition
73
79
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