Of course, as we observe the 20th anniversary of what was clearly a big-bang reform initiative, we can afford to take a more objective and nuanced look back over the period to see how the entire process of change impacted the economy. To put it very broadly, reforms hugely expanded the opportunities for economic activity.
This resulted in more rapid growth, to which higher productivity contributed significantly. However, it also brought with it increased risks, particularly with respect to the increased exposure to the global economy that the reform process generated.