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Reform and Opening with Soviet Characteristics: Russian Perspectives on China’s Rise

ChinaTalk

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Economic Reform Challenges in the Soviet Union

This chapter examines the structural barriers that prevented the Soviet Union from attracting foreign investment during its reform era, especially when compared to China's economic transformations. It highlights the ideological rigidity, legal uncertainty, and middle-income status that hampered successful reforms, particularly under Gorbachev's leadership. Additionally, the chapter contrasts these dynamics with China’s growth strategy and governance, shedding light on the political and economic complexities of the post-Soviet landscape.

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