Pareto-Improving Economic Reforms Through Dual-Track Liberalization
11 Pages Posted: 1 May 1998
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Pareto-Improving Economic Reforms Through Dual-Track Liberalization
Abstract
Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of "dual-track" liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.
JEL Classification: P21
Suggested Citation: Suggested Citation
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