Policy Analysis (July 12, 2016) 25 ears of Reforms in Ex-Communist Countries
The Cato Institute , United States
The transition from Socialism tothe market economy produced a dicide between those who advocated rapid, or !big-bang" reforms, and those who advocated a gradual approach. Evidence shows that early and rapid reformers by far outperformed gradual reformers, both on ecnomic measures such as GDP per capita and on social measures such as The UN Human Development Index.
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