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Structural transformation involves the movement of workers from low-productivity sectors to high-productivity sectors. It has historically been associated with a shift from agrarian economies to more industrial economies based around urban areas, as seen in many Western nations as well as the...
Working Paper
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The six studies, selected from those contributed to the research project entitled The Integration of the New Market Economies of Europe and Asia into the World Economy: the Changing Internal and External Factors and Global Implications, open with Miluily Simai's introductory survey. After...
Working Paper
pdf
– A Comparative View
The paper compares the Russian transition with the Chinese reforms. The concept and implications of 'transition' differ from those of 'reform'. Transition in its systemic understanding is considered as a change of the system, a shift to a new one. Reform, on the other hand, is a process which takes...
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