Towards a Market Economy in Central and Eastern Europe

Towards a Market Economy in Central and Eastern Europe
Author: Herbert Giersch
Publisher: Springer Science & Business Media
Total Pages: 173
Release: 2012-12-06
Genre: Business & Economics
ISBN: 3642765726

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In 1990, the countries of Central and Eastern Europe began or accelerated their transition to a market economy. This book addresses among others the following questions: (I) What are the fundamental causes of the collapse of the Soviet-type economic systems? (II) What major steps could be taken to make the transition process to a market economy irreversible and less painful? (III) What can be learned from West Germany's outstandingly successful postwar economic reforms? (IV) Is the issue of gradualism versus shock therapy still relevant? (V) If macroeconomic stability is a precondition, what is the role of privatization, deregulation and trade liberalization? (VI) What is the optimal sequence of steps in privatization, deregulation, liberalization and currency convertibility? (VII) How quickly may privatization be achieved? (VIII) Is the USSR really a special case and, if so, in what respects and for what fundamental reasons? (IX) How long in the transition period may the initial phase of disorder, chaos and decline last? (X) What can be learned from the experiences gathered so far in the major ex-communist countries?

Economics of Institutional Change

Economics of Institutional Change
Author: Elodie Douarin
Publisher: Springer
Total Pages: 333
Release: 2017-10-24
Genre: Political Science
ISBN: 3319654748

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This book, a third edition, has been significantly expanded and updated. It revisits the process of institutional change: its characteristics, determinants and implications for economic performance. New chapters address the significance of Post-Communist transition, the differences and importance of initial conditions in institutional building, and, social norms, values, and happiness. Other chapters have been expanded to include, for example, a focus on the Washington consensus, commentary on the 2008 financial crisis, state capacity and corruption, and new findings on redistribution and inequality. With specific focus on Central Europe, Eastern Europe and Central Asia, this revised edition examines the process of development, and its interdependence with institutions.

The Political Economy of the Transition Process in Eastern Europe

The Political Economy of the Transition Process in Eastern Europe
Author: Laszlo Somogyi
Publisher: Edward Elgar Publishing
Total Pages: 400
Release: 1993-01-01
Genre: Business & Economics
ISBN: 9781782543947

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'This well-produced book is a worthy contribution to the burgeoning literature on the transition. The editor provides a useful introduction.' - Ian Jeffries, The Economic Journal '. . . provides a useful and readable introduction to many of the most important issues in the "transition process".' - Hugo Radice, Economics of Transition Why has industrial output fallen in Eastern Europe and is further decline inevitable? What lessons can be learned from the stablilization programmes of the first two years of the post-communist era? Should the transitional economies privatize quickly and where do they find the missing institutions essential to the proper working of capitalism? In seeking answers to these and other questions, The Political Economy of the Transition Process in Eastern Europe analyses the difficulties faced by nations attempting to move from a planned to a market economy with special emphasis on issues of macroeconomic stabilization and institutional change.

Economics of Institutional Change

Economics of Institutional Change
Author: Tomasz Mickiewicz
Publisher: Springer
Total Pages: 256
Release: 2010-08-11
Genre: Political Science
ISBN: 0230291287

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This book, a second edition, has been significantly expanded and updated. It revisits the process of institutional change: its characteristics, determinants and implications for economic performance.

Trade, Development and Structural Change

Trade, Development and Structural Change
Author: Anca M. Voicu
Publisher: Springer
Total Pages: 337
Release: 2018-05-30
Genre: Business & Economics
ISBN: 1349590053

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This book examines the evolution of trade and trade patterns in Central and Eastern European countries (CEEC) and assesses the implications of these patterns on structural change and economic development within transition economies. Taking the fall of the Iron Curtain in 1989 as a starting point, the authors discuss the transition of former communist CEE countries from centrally planned to market-driven economies, arguing that trade was the primary engine for the economic growth and transition process they experienced. The chapters in this book incorporate the results of previous studies – some of which are based on original research conducted by the authors – dedicated to the integration process of international and European trade. More importantly, the authors look at the broader aspects of structural change and economic development, indeed the whole process of economic transformation. Thus, the book moves well beyond the core ‘trade and growth’ framework to look at technological progress, foreign investment, institutional development and structural change in Central and Eastern European countries.

The Transition in Eastern Europe, Volume 2

The Transition in Eastern Europe, Volume 2
Author: Olivier Jean Blanchard
Publisher: University of Chicago Press
Total Pages: 388
Release: 2007-12-01
Genre: Business & Economics
ISBN: 0226056821

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When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.

The Transition from Command to Market Economies in Eastcentral Europe

The Transition from Command to Market Economies in Eastcentral Europe
Author: SANDOR. RICHTER
Publisher: Routledge
Total Pages: 321
Release: 2022-06-30
Genre:
ISBN: 9780367312152

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The contributors to this well-established annual publication consider the key factors affecting the economic transition process of formerly socialist countries of Eastern and Central Europe, nalyzing possible strategies for successful reform including the use of shock theory to accelerate the process.

Transition in Eastern Europe

Transition in Eastern Europe
Author: Herbert Wilkens
Publisher: Duncker & Humblot
Total Pages: 228
Release: 2016
Genre: Business & Economics
ISBN: 9783428491070

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This publication contains a selection of papers presented at a conference discussing fundamental issues in the economics of transition, aspects of liberalization/privatization/stabilization and the experience of selected countries. The sessions lead to a number of hypotheses:- There is a need to analyze historical and economic aspects of phases of relative success of the socialist system of central planning- Next to the important role of distribution of personal incomes and wealth for the success of the transformation process, the question of "optimal change of personal income and wealth distribution" during the process of transformation has to be raised.- In assessing the costs and benefits of reform policies, any methodological approach should take into account an intertemporal perspective- How much does the EU continue protectionism against countries which will not become its members in the near future?- The role of the institutional environment shall not be neglected when analyzing the process of transition: financial markets e. g. are of great relevance for sound development.- An early status of independence for the central bank from public finance obligations appears to help to eliminate the monetary overhang.- A quick, almost instant liberalization strategy (countries of Central and Eastern Europe) seems to be more successful than gradual liberalization (Russia, Ukraine, Belarus) along with interventionism of trade policy.

The Transition in Eastern Europe, Volume 1

The Transition in Eastern Europe, Volume 1
Author: Olivier Jean Blanchard
Publisher: University of Chicago Press
Total Pages: 288
Release: 2008-04-15
Genre: Business & Economics
ISBN: 0226056813

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When communism fell in 1989, the question for most Eastern European countries was not whether to go to a market economy, but how to get there. Several years later, the difficult process of privatization and restructuring continues to concern the countries of the region. The Transition in Eastern Europe, Volumes 1 and 2 is an analysis of the experiences of various countries making the transition to market economies and examines the most important challenges still in store. Volume 1, Country Studies, gives an in-depth, country-by-country analysis of various reform experiences, including historical backgrounds and discussions of policies and results to date. The countries analyzed are Poland, Czechoslovakia, Hungary, eastern Germany, Slovenia, and Russia. Written by leading economists, some of whom helped shape local and national reforms, this volume identifies common progress, common difficulties, and tentative solutions to the problems of economic transition. Volume 2, Restructuring, focuses on specific issues of transition, including how to design labor market institutions, privatization, new fiscal structures, and bankruptcy laws; how to reorganize foreign trade; and how to promote foreign direct investment. The articles, written by experts in the field, will be of direct help to those involved in the transition process. These volumes provide a standard reference on economic transition in the region for policymakers in Eastern Europe and in western countries, for international agencies concerned with the transition process, and for anyone interested in learning about the dramatic changes that have recently occurred in Eastern Europe.