Asian Economics in Transition
Reforming Centrally Planned Economies
Asian Economies in Transition analyses and evaluates the experience of the eleven Asian economies undertaking the transition from central planning to a more market-oriented approach. China, Indochina, Mongolia, Azerbaijan and the Central Asian Republics are the focus of Richard Pomfret's book which begins with a detailed discussion of the Chinese model of transition highlighting its failures as well as its successes. Vietnam's experience, while offering the closest parallel to China's reform strategy, is shown by the author to contain more explicit macroeconomic policy reforms and greater practical attention to the problem of inefficient state enterprises. Dr Pomfret also discusses the less happy experience of the Asian republics of the former Soviet Union, the break-up of the rouble zone, and the interesting counterpoint provided by the Mongolian economy. The Tumen River project is also examined as an example of cooperation between reformed and non-reformed Socialist economies.
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What Reviewers Are Saying
'It affords a very valuable insight into the strengths and weaknesses affecting change in the concerned countries.' -- K.D. Chadha, USI Journal 'Pomfret has written an excellent book, which captures the diversity of the experiences of the Asian economies in transition, as well as situating their economic reforms in the appropriate historical and political context. The book reflects his first-hand knowledge of these economies and draws on his substantial record of publications in this field. Pomfret provides a wealth of information about the transitional economies of Asia, thier economic structures, their paths to reform, their successes and failures. The book makes an important contribution to the literature on the topic. It is also written in a very readable prose style.' -- Ian Kerr, The Asia Pacific Journal of Economics and Business 'This book is a model of clarity and presentation and should be required reading for all who are interested in economic reform in centrally planned economies.' -- R.S. Porter, Development Policy Review '... it is recommended as a useful text for both academic audiences and those commercial practitioners concerned with liberalisation in former command economies.' -- Robert Taylor, Asian Affairs 'The book is crisply written and clearly structured. It caters to both the specialist who needs access to still largely closed societies and the generalist interested in Asia beyond the Pacific basin. It is highly recommended.' -- Richard Mead, Asia Pacific Business Review