GROWTH AND TRANSITION - WHY HAS CHINA PERFORMANCE BEEN SO DIFFERENT

This paper explains the differences in performance between the Central and Eastern European countries (CEECs) since 1989 and China since its 1978-1979 reforms by the differing goals of economic reformers in Chi na and in the CEECs. In China reforms were intended to promote growth rather than to create a market-based economy. Eastern European reforme rs' main goal has been the creation of a market-oriented economy. The paper focuses on policies toward foreign trade, foreign investment, an d foreign exchange since these highlight the differences in goals. (C) 1997 Academic Press.