Pareto-Improving Economic Reforms Through Dual-Track Liberalization
11 Pages Posted: 1 May 1998
Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of "dual-track" liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.
JEL Classification: P21
Suggested Citation: Suggested Citation