Should price reform proceed gradually or in a "Big Bang"?.
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TextSeries: The World Bank working papers no. 702Publication details: Washington : World Bank, 1991.Subject(s): Summary: Under gradual decontrol, speculation and hoarding create shortages which make reformist governments vulnerable to early perceptions of failure - a strong argument against gradualism in the decontrol of prices.
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Under gradual decontrol, speculation and hoarding create shortages which make reformist governments vulnerable to early perceptions of failure - a strong argument against gradualism in the decontrol of prices.
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