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Topic: English
Number of pages / Number of words: 9 / 2324
Essay's paper body

Two decades ago few economists would have bet on today's outcome of

reform in China.

Even so, China's reform experience has been always viewed as an anomaly in terms of transition to

a market economy, and it has not been properly accounted for by mainstream economics and thus appreciated

by mainstream economists...


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For example, From Plan to Market: World Development Report 1996 on

transition economies (World Bank, 1996) gave China short shrift because it couldn't figure out where to put

China on the various measurement parameters, and instead illustrated the Chinese experience mainly in boxes

rather than in the text...


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