Discussion paper

DP1595 Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J Lau Yingyi Qian Gérard Roland

30 Apr 1997

Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of ?dual-track? liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.

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Citation

Lau, L, Y Qian and G Roland (1997), ‘DP1595 Pareto-Improving Economic Reforms through Dual-Track Liberalization‘, CEPR Discussion Paper No. 1595. CEPR Press, Paris & London. https://cepr.org/publications/dp1595