Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J. Lau, Yingyi Qian, Gérard Roland
1998 Social Science Research Network  
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.
doi:10.2139/ssrn.82129 fatcat:ioq2q6yn6zbizhk3vsv73oobie