Evidence suggests that depth and speed of reforms did not matter for the success of transition in the formerly socialist countries.

Question

Quizplus · Accepted Answer

The statement is not accurate as there is evidence that suggests that the depth and speed of reforms did have an impact on the success of transition in the formerly socialist countries. Countries that implemented rapid and comprehensive reforms tended to have better economic outcomes than those that did not. However, it is also important to note that other factors such as initial conditions, external factors, and governance also played a role in the success of transition.

Evidence Suggests That Depth and Speed of Reforms Did Not