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Polska Gospodarka 3/2008

Network E-brief 9/2008: Free Trade Agreement Between The European Union and Armenia: How Feasible Is It?

Network E-brief 8/2008: Free Trade Agreement Between The European Union and Georgia: How Feasible Is It?

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2006-11-15


Whence Reform? A Critique of the Stiglitz Perspective
Autorzy/Redaktorzy: Marek Dąbrowski
Jacek Rostowski

Źródło: Policy Reform, Vol. 4, pp. 291-324
Rok wydania: 2001
Abstrakt: This paper discusses the key hypotheses which Joseph Stiglitz proposed, in his wide-ranging critique of the 'Washington Consensus', with regard to transition reforms and economic policies in China and Russia. The primary purpose is to evaluate the Stiglitz perspective in the light of empirical evidence, including the experience of countries outside China and Russia. Although some of the points Stiglitz makes are important for understanding what has happened in the transition, this paper argues that his perspective misinterprets the key facts of the Chinese transition, mis-describes the facts of the Russian transition and fails to consider the theoretical and policy implications of the success of a "third model", which is represented by some Central European and Baltic transitions.

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