Ondřej Bělíček

Chinese highway and skyline

How China escaped shock therapy in the 1980s: An interview with Isabella M. Weber

When today’s historiography refers to the debate about economic reforms in Eastern European countries during late communism, it often uses the term the “long transition”. It shows that the economic transformation from state socialism into neoliberalism was a process that took off in some of the countries in Eastern Europe in reaction to the oil crisis in 1973.