It is argued in literature that two schools of thoughts might have been most relevant and influential to the policy formation and implementation in transition economies, with distinguishable economic and social outcomes. While Russia and some countries in the Central and Eastern Europe have...

Since the launching of its economic reform and opening up programs in 1979, China has experienced an unprecedented economic expansion, as its real GDP growing at an annual average rate of about 10%. Despite the robust performance, the pressure for employment creation has continued to persist and...