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The Chinese Economic Reform — as Seen by Hungarian Economists

  • Janos Kornai
  • Zsuzsa Dániel

Abstract

On the invitation of the Chinese Academy of Sciences, we spent four weeks in China in 1985. Although we have read a great deal of studies about China, by no means do we pretend to be experts on the subject. We have been studying the economy of Hungary—our own country—of ten million inhabitants for long decades, and we still feel we do not know it enough. How could we understand China—with a population a hundred times as large as Hungary’s—with a desirable degree of thoroughness only relying on a few books, several conversations, and a visit of four weeks? All we can undertake is to record first impressions.

Keywords

Reform Process Chinese Economic Socialist Country Profit Motive Soft Budget Constraint 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Verlag Berlin · Heidelberg 1989

Authors and Affiliations

  • Janos Kornai
    • 1
  • Zsuzsa Dániel
    • 2
  1. 1.Institute of EconomicsHungarian Academy of Sciences, Budapest XIBudapestHungary
  2. 2.Institute of PlanningNational Planning Office, Budapest VBudapestHungary

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