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Reform without Losers: An Interpretation of China’s Dual-Track Approach to Transition

Yingyi Qian

in How Reform Worked in China: The Transition from Plan to Market

Published in print:
2017
Published Online:
May 2018
ISBN:
9780262534246
eISBN:
9780262342728
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262534246.003.0003
Subject:
Economics and Finance, International

This paper develops a simple model to analyze the “dual-track” approach to market liberalization as a mechanism for implementing efficient Pareto-improving economic reform, that is, reform achieving ... More


How Reform Worked in China: The Transition from Plan to Market

Yingyi Qian

Published in print:
2017
Published Online:
May 2018
ISBN:
9780262534246
eISBN:
9780262342728
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262534246.001.0001
Subject:
Economics and Finance, International

As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi ... More


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