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Inflation and Growth in Transition Are the Asian Economies Different?

This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization and output growth than that of transition economies elsewher...

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Bibliographic Details
Main Author: Sloek, Torsten
Other Authors: Kalra, Sanja
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999
Series:IMF Working Papers
Subjects:
Inflation
Nonprofit Organizations And Public Enterprise: General
Agribusiness
Government Business Enterprises
Deflation
Public Ownership; Nationalization
Comparative Studies Of Particular Economies
Macrostructural Analysis
Disinflation
Economic Sectors
Agriculture: General
Agricultural Industries
Price Level
Agricultural Sector
Public Enterprises
Institutions And The Macroeconomy
Prices
Macroeconomics
Agricultural Economics
Structural Reforms
China, People's Republic Of
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia—to market-based systems. Overall, these economies appear to have had a more favorable experience with inflation stabilization and output growth than that of transition economies elsewhere. While initial conditions played an important role in determining the strategy and speed of the transition, growth performance benefited from continued macroeconomic stability and reforms in a key sector (such as agriculture); this confirms the need for sustained and rapid structural reforms and highlights the constraints for sustainable growth posed by weak financial and enterprise sectors
Physical Description:24 pages
ISBN:9781451854060

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