Author : Elise S. Brezis
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Book Synopsis Why are the Transition Paths in China and Eastern Europe Different? A Political Economy Perspective by : Elise S. Brezis
Download or read book Why are the Transition Paths in China and Eastern Europe Different? A Political Economy Perspective written by Elise S. Brezis and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to provide a framework linking communist regime collapse and privatizing economic reforms. The framework permits us to explain why certain communist regimes lost their monopoly of political power while others have not. We show that the essential difference between those communist regimes which survived economic reform and those which did not, lies in the nature of the privatization reform introduced by the communist leadership. The privatization that we call 'Market-Leninist', was implemented in China and Vietnam while the second type of privatization, termed 'Embezzlement for a rainy day' was the type of privatization implemented in Eastern Europe. We show, in the context of a game between rulers and the population, that the size of the repressive apparatus is the key element determining the type of privatization chosen by the rulers.