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SOE Reform and Privatization in Transition: China in Comparative Perspective

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Abstract

Reforming state-owned enterprise (SOEs) is one of the most important issues in any economy in transition. The Chinese economy has been widely recognized as a successful case of gradualist transition, but unexceptionally was faced with poor management and low efficiency in many SOEs. Advocates of shock therapy have criticized the gradualist approach, maintaining that it makes comprehensive SOE reform ineffective (Sachs and Woo 1994). Nevertheless, even in the former Soviet Union (FSU), particularly the Commonwealth of Independent States (CIS) countries, and the Central and Eastern European countries (CEECs) that took the shock therapy adv ice follow ing the Washington consensus, the same SOE issues have persisted and some remain intractable.

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Authors
  1. Nakagane Katsuji
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Editor information

Editors and Affiliations

  1. Honorary Counselor, ICSEAD, Kyoto University, Japan

    Shinichi Ichimura (Professor emeritus) (Professor emeritus)

  2. Yokohama City University, Japan

    Tsuneaki Sato (Professor emeritus) (Professor emeritus)

  3. Economics and Research Department, Asian Development Bank, Manila, Philippines

    William James (Principal Economist) (Principal Economist)

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© 2009 Katsuji Nakagane

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Katsuji, N. (2009). SOE Reform and Privatization in Transition: China in Comparative Perspective. In: Ichimura, S., Sato, T., James, W. (eds) Transition from Socialist to Market Economies. Palgrave Macmillan, London. https://doi.org/10.1057/9780230244986_5

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