Shock Therapy versus Gradualism: The End of the Debate

  •  Yanyan Zang    
  •  Gang Wang    


China's economy has undergone a fundamental change from planned economy to market economy. The economic strength of the country was intensified constantly. Meanwhile, East European countries and Baltic States advocated radical reforms and rapid transformation. So, it is difficult to say which is better between Shock Therapy and Gradualism. According to different views, this essay will explain the debate in detail.

This work is licensed under a Creative Commons Attribution 4.0 License.