Obstacles to Economic Reform of Socialism

Marketizing reforms are often suggested as remedies for the problems that plague socialist economies. Introducing market reforms is a complex problem. This article examines the obstacles to such reforms. It employs an institutional-choice perspective to study the conditions that are necessary to make marketization effective and discusses the likely outcomes of incomplete marketization

China · Communism · Economic reform · Economic system · Economics · Institutional change · Market economy · Marketization · Perspective (graphical · Political economy · Political science · Politics · Socialism · Economic Theory and Institutions · Political Economy and Marxism · Public Administration · Russia and Soviet political economy

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