Inflation and Growth in Transition: Are the Asian Economies Different?
Electronic Access:
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Summary:
This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization and output growth than that of transition economies elsewhere. While initial conditions played an important role in determining the strategy and speed of the transition, growth performance benefited from continued macroeconomic stability and reforms in a key sector (such as agriculture); this confirms the need for sustained and rapid structural reforms and highlights the constraints for sustainable growth posed by weak financial and enterprise sectors.
Series:
Working Paper No. 1999/118
Subject:
Agricultural sector Disinflation Economic sectors Inflation Macrostructural analysis Prices Public enterprises Structural reforms
English
Publication Date:
August 1, 1999
ISBN/ISSN:
9781451854060/1018-5941
Stock No:
WPIEA1181999
Pages:
24
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