Social Sciences
8 years ago

Market-driven reforms in China and Russia shaping long-term economic transformation.

Journal of Changshu Institute of Technology
Market-orientated Economic Reform in China and Russia: Analysis Based on New Institutional Economics
LI Zhen-quan

Paper Summary

The economic changes in China and Russia aim to make their economies more market-oriented. China is gradually changing its system, while Russia is making more radical changes. These transformations take a long time to fully develop.

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