Economic Reform Policy
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An Economic Reform Policy is a structural transformation economic policy that fundamentally changes economic reform policy economic systems through economic reform policy institutional change and economic reform policy market mechanisms.
- AKA: Economic Restructuring Policy, Economic Liberalization Policy, Market Reform Policy.
- Context:
- It can (typically) transform Economic Reform Policy Ownership Structures through economic reform policy privatization or economic reform policy nationalization.
- It can (typically) modify Economic Reform Policy Market Mechanisms via economic reform policy price liberalization and economic reform policy competition introduction.
- It can (typically) reshape Economic Reform Policy Institutional Frameworks through economic reform policy regulatory change and economic reform policy legal reform.
- It can (typically) alter Economic Reform Policy Trade Regimes via economic reform policy opening or economic reform policy protection.
- It can (typically) restructure Economic Reform Policy Financial Systems through economic reform policy banking reform and economic reform policy capital market development.
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- It can (often) face Economic Reform Policy Political Resistance from economic reform policy vested interests.
- It can (often) create Economic Reform Policy Transition Costs in economic reform policy adjustment periods.
- It can (often) generate Economic Reform Policy Distributional Effects across economic reform policy social groups.
- It can (often) require Economic Reform Policy Complementary Measures for economic reform policy effectiveness.
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- It can range from being a Gradual Economic Reform Policy to being a Shock Therapy Economic Reform Policy, depending on its economic reform policy implementation speed.
- It can range from being a Partial Economic Reform Policy to being a Comprehensive Economic Reform Policy, depending on its economic reform policy scope.
- It can range from being a Market-Oriented Economic Reform Policy to being a State-Led Economic Reform Policy, depending on its economic reform policy direction.
- It can range from being a Top-Down Economic Reform Policy to being a Bottom-Up Economic Reform Policy, depending on its economic reform policy initiation.
- It can range from being a Reversible Economic Reform Policy to being an Irreversible Economic Reform Policy, depending on its economic reform policy permanence.
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- It can interact with Political Reform in economic reform policy democratization.
- It can influence Income Distribution through economic reform policy welfare effects.
- It can affect Economic Growth via economic reform policy productivity gains.
- It can shape International Integration through economic reform policy globalization.
- It can determine Economic System Type via economic reform policy paradigm shift.
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- Example(s):
- Deng Xiaoping Economic Reforms (1978), opening economic reform policy Chinese economy.
- Thatcher Economic Reforms (1979-1990), privatizing economic reform policy British industry.
- Perestroika (1985-1991), restructuring economic reform policy Soviet economy.
- Washington Consensus Reforms (1990s), liberalizing economic reform policy Latin American economy.
- Doi Moi Reforms (1986), transforming economic reform policy Vietnamese economy.
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- Counter-Example(s):
- Monetary Policy, which adjusts economic cycles not economic structures.
- Fiscal Stimulus, which provides temporary support not structural change.
- Industrial Policy, which targets specific sectors not whole systems.
- See: Economic Policy, Structural Adjustment, Market Liberalization, Privatization, Chinese Economy, Deng Xiaoping, Economic System, Institutional Change, Trade Policy.