Abstract

Current opinion on socialist economic reform emphasizes radical measures. These are theoretically attractive, but difficult to implement. This paper explores a “minimum package” including necessary, rather than sufficient, measures for reforming a CPE. The currently most fashionable “reform troika” is: Democratization, Marketization, Privatization. This paper suggests instead a minimum package containing only marketization, preliminary political reform (with emphasis on stability), and corporatized public ownership.

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