Abstract
Abstract For most economists, seventeen articles and a book on comparative economic systems and reform would constitute a sizable volume of output. In the case of Bela Balassa, this work is dwarfed by his prodigious output in other areas. Nevertheless, his deep interest in this topic is only natural. From its early stages, he has analysed the Chinese economic reform process, comparing it with developments in Eastern Europe, especially his native Hungary. Anotable characteristic of Balassa’s analysis, for example, in ‘China’s Economic Reforms in a Comparative Perspective’ (1987), is a strong focus on the incentive structures linking performance and rewards. This emphasis, natural to one so involved in analysing trade (and other) regulatory regimes, provides a unifying thread for analysis of the spread of ‘responsibility systems’ in agriculture and industry and of the evolving balance between planning and markets for both products and factors that characterise the reform process.
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