Economic Transformation in Russia and China: Two Comments on A Comparison

Two prominent Western observers of the economic transition and development in Russia and China evaluate and supplement the preceding paper (Malle, 2008), which compares the two economies by tracing their evolution from central planning to market-oriented systems. While in general supporting and agreeing with the premise of the comparative analysis presented in that paper, albeit pointing out some instances of disagreement, the authors add observations on the preconditions and structural differences between the countries, on the political context and framework of the transitions, as well as benchmarks for measuring China's success, and reasoned observations on the latter country's policies and sustainable growth.