Market reform, division of labor, and increasing advantage of small-scale enterprises: the case of the machine tool industry in China

Article Abstract:

A study is made on the effect of market reform, the division of labor among enterprises, and the increasing advantage of small-scale enterprises on the machine tool industry in China. Restricting division of labor in a large state-controlled enterprise results in inefficiency and low productivity. Studies show that market reforms should focus on eliminating inefficient enterprises and promoting specialization in certain production processes. Inter-enterprise transactions and competition brought about by market reforms are integral part of any economic program.

Metalworking Machinery, Machine Tools, Metalworking Machinery Manufacturing, China, Economic aspects, Tool industry

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Economic growth under a self-interested central planner and transition to a market economy

Article Abstract:

The Soviet-type economy is patterned as a self-interested planner to examine Soviet-type economic advancement and shift to a market economy. The self-interested planner prototype could be adjusted so as to realize additional perception into the short-run outcomes of transition. In the self-interested planner prototype, the state optimizes its own autonomous consumption and not the representative household's consumption.

Economics, Research and Development in the Social Sciences and Humanities, Models, Analysis, Russia, Economic development, Comparative economics

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Will the future be better tomorrow? The growth prospects of transition economies revisited

Article Abstract:

The structure of the former centrally planned economies remains different from that of market economies, indicating that the effects of central planning are still being felt. Transition is a temporary process, but may last longer than had previously been anticipated.

Research, Central planning

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