A quarter of a century has passed since the modern economic reform movement from state to market control got underway. Since the implementation of significant economic reforms in the 1980- 1990s, particularly in Asia, Latin America Eastern Europe and the Middle East region, policy analysts and academics have been debating questions relating to the optimal design of these reforms in terms of their substance, sequencing and modalities of implementation. The proposed answers to these questions gave rise to a vast body of literature on the political economy of reform, which has rapidly expanded over the years, building on initial experience with structural economic reforms.