Abstract
Marketizing reforms are often suggested as remedies for the problems that plague socialist economies. Introducing market reforms is a complex problem. This article examines the obstacles to such reforms. It employs an institutional-choice perspective to study the conditions that are necessary to make marketization effective and discusses the likely outcomes of incomplete marketization.
Original language | English (US) |
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Pages (from-to) | 53-64 |
Number of pages | 12 |
Journal | The ANNALS of the American Academy of Political and Social Science |
Volume | 507 |
Issue number | 1 |
DOIs | |
State | Published - Jan 1990 |
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- General Social Sciences