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ID: 082390

China's privatization: from gradualism to shock therapy? / Ma, Shu Y

Ma, Shu Y	Journal Article
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Publication	2008.
Summary/Abstract	A major breakthrough in China's privatization occurred in May 2005, when a "share conversion" pilot reform program was introduced. This article will situate this in the perspective of China's two-decade-long shareholding system reform. It will argue that the "share conversion" reform is part of China's long-followed gradualist transition, instead of a switch to shock therapy

Key Words

China ; Privatization ; Shock Therapy ; Shareholding System Reform ; Gradualism

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ID: 080008

Shock, therapy, and postcommunist transitions / Pusca, Anca

Pusca, Anca	Journal Article
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Publication

2007.

Summary/Abstract

This article explores how the concept of shock has been used in connection to processes of social change and transition, and argues that a wider exploration of the concept in fields other than political science and international relations can provide us with important insights into the individual and collective impacts of transitions. Although criticizing the idea of shock as therapy, the article presents a number of alternative uses of shock that can be particularly insightful for understanding often contradictory behaviors that characterize periods of transition, as well as a series of dangerous consequences of attempts to deal with shock through various techniques of distancing, distraction, and normalization

Key Words

Social Change ; Postcommunism ; Normalization ; Shock Therapy

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