TY  - JOUR
AU  - Sachs,Jeffrey D.
TI  - Reforms in Eastern Europe and the Former Soviet Union in Light of the   East Asian Experiences
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 5404
PY  - 1996
Y2  - January 1996
UR  - http://www.nber.org/papers/w5404
L1  - http://www.nber.org/papers/w5404.pdf
N1  - Author contact info:
Jeffrey D. Sachs
The Earth Institute at Columbia University
314 Low Library
535 West 116th Street, MC 4327
New York, NY  10027
Tel: 212/854-8704
Fax: 212/854-8702
E-Mail: sachs@columbia.edu
AB  - During the past five years, there has been an important debate over the differing styles of market reforms in the formerly planned economies in East Asia versus Eastern Europe and the former Soviet Union (EEFSU).  This paper puts forward three related propositions. First, the rapid growth of East Asia, compared with economic contraction in EEFSU, reflects differences in economic structure and initial conditions, rather than differences in economic policymaking. Second, East Asian gradualism could not, and did not, work in EEFSU. Third, EEFSU continues to face serious problems with an overextended welfare state inherited from the socialist period.
ER  -