Abstract
In the first part of this chapter, the problems inherent in the transition from central planning to a market system are discussed. Essentially they stem from the interrelated nature of an economic system that requires that a bundle of changes have to be made simultaneously for any meaningful reform to get started. This creates a dilemma in that a large bundle of simultaneous changes in the old system will lead to a danger of significant economic, social, and political destabilization. In the second part of the chapter, Soviet reform measures from 1987 through 1990 are described and analyzed.
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© 1993 Springer Science+Business Media New York
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Levine, H.S. (1993). Soviet Economic Reform: The Transition Issue. In: Klein, L.R. (eds) A Quest for a More Stable World Economic System. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8185-1_21
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DOI: https://doi.org/10.1007/978-94-015-8185-1_21
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-015-8187-5
Online ISBN: 978-94-015-8185-1
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