Marketizing reforms are often suggested as remedies for the problems that plague socialist economies. Introducing market reforms is a complex problem. This article examines the obstacles to such reforms. It employs an institutional-choice perspective to study the conditions that are necessary to make marketization effective and discusses the likely outcomes of incomplete marketization.
|Original language||English (US)|
|Number of pages||12|
|Journal||The ANNALS of the American Academy of Political and Social Science|
|State||Published - Jan 1 1990|
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- Social Sciences(all)