"They've reached the peak of the benefits from reform and are now on the downhill side."
The full potential economic gain from such reform has not been fully appreciated.
Agriculture, from which 90 percent of the labor force made its living, did not benefit from economic reform.
In the 1980's, many of China's 800 million rural dwellers took their first earnings from economic reform and built new houses.
It seems to signal a particularly untimely retreat from economic reform.
We believe statehood will come first from economic reform, through cooperation with the rest of the former union.
The Mexico that emerged from reform was different, yet the same.
- Government to save £1.8bn a year by 2014-15 from reform of public sector pensions.
If half the population is excluded from political and institutional reform, it can hardly succeed.
Analyzing the direct economic gains and losses from proposed reform isn't enough.