Abstract
Eastern Europe faces a ‘catching up’ problem: to achieve living standards close to the level of Western Europe and North America, and to integrate sufficiently into the core economies to share some of their dynamism. The probability of catching up depends on at least two things: one is competition from other would-be catch-up economies, and the other is the type of capitalism that the national economies of Eastern Europe institute within their borders. Enter East Asia. This region is relevant to Eastern Europe both as a competitor and as a model of a distinctly different type of capitalism from the Anglo-American one. In what follows I concentrate on the latter, but first briefly discuss East Asia as a competitor.
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Notes
World Bank (1993) and Beason and Weinstein, in The Economist, 26 February 1994, 69.
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© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Wade, R. (1996). Reforms in Eastern Europe: Lessons from the East Asian Capitalist Model. In: Hersh, J., Schmidt, J.D. (eds) The Aftermath of ‘Real Existing Socialism’ in Eastern Europe. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-14155-5_11
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DOI: https://doi.org/10.1007/978-1-349-14155-5_11
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