Was the gradual approach not possible in the USSR & quest; A critique of the Sachs-Woo ‘impossibility hypothesis created by Nazrul Islam

By:

Islam, Nazrul [author]

Material type: Text

TextSeries: Comparative Economic Studies ; Volume 53, number 1Hampshire: Palgrave, 2011Content type:

text

Media type:

unmediated

Carrier type:

volume

ISSN:

08887233

Subject(s):

Impossibility hypothesis’ -- Sachs-Woo -- Gradual approach -- USSR

LOC classification:

HB90 COM

Online resources:

Click here to access online

Abstract: This paper examines the Sachs-Woo hypothesis that the gradual approach to reform, though successful in China, was not possible in the USSR because of structural differences between these two economies. To examine this hypothesis, this paper abstracts from the issue of structural differences by focusing on the industrial sector only and compares the state-owned enterprise (SOE) reforms in China under Deng and in the USSR under Gorbachev. Apart from concerning the same sector, these reforms were roughly contemporaneous, and hence their comparison provides a suitable test of the Sachs-Woo hypothesis. The test shows that the hypothesis does not live up to it.

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Holdings
Item type	Current library	Call number	Vol info	Copy number	Status	Notes	Date due	Barcode
Journal Article	Main Library - Special Collections	HB90 COM (Browse shelf(Opens below))	Vol. 54, no. 1 (pages 83-148)	SP11431	Not for loan	For In house Use

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This paper examines the Sachs-Woo hypothesis that the gradual approach to reform, though successful in China, was not possible in the USSR because of structural differences between these two economies. To examine this hypothesis, this paper abstracts from the issue of structural differences by focusing on the industrial sector only and compares the state-owned enterprise (SOE) reforms in China under Deng and in the USSR under Gorbachev. Apart from concerning the same sector, these reforms were roughly contemporaneous, and hence their comparison provides a suitable test of the Sachs-Woo hypothesis. The test shows that the hypothesis does not live up to it.

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