Market-oriented Systemic Transformations in Eastern Europe

Problems, Theoretical Issues, and Policy Options

AvPaul J.J. Welfens

Häftad, Engelska, 2012

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Beskrivning

Socialist economies in Eastern Europe have collapsed and em-barked upon market-oriented reforms. The causes of thedemise of centrally planned economies are analyzed and thebasic challenges of systemic tranformation discussed.Negative income and wealth effects as well as distributionissues make adjustment extremely difficult. The fundamentalroles of privatization and foreign investment are adressed.Foreign economic liberalization is considered to be ofcentralimportance for a growth-oriented adjustment path ina stage of conflict-prone policy and options.Politico-economic aspects of the new European developmentsin addition to North-South issues are analyzed. Difficultchoices await decison-makers in economic policy and thebusiness community in Eastern Europe and in leading marketeconomies.

Produktinformation

Utgivningsdatum:2012-10-04
Mått:170 x 244 x 16 mm
Vikt:488 g
Format:Häftad
Språk:Engelska
Antal sidor:264
Upplaga:1992
Förlag:Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN:9783642634826

Utforska kategorier

Internationell ekonomi inom Ekonomi och Ledarskap

Innehållsförteckning

A: Characteristics of the Centrally Planned Economy and Systemic Collapse.- 1. The Rise and Fall of Marxist Theory and Socialism.- 2. Distortions of Socialist Economics.- 3. Stagnation and Collapse.- 4. Dramatic Changes in Eastern Europe.- Appendix Al: Quality Gaps in Socialism Modelled in a SALOP-SALANT Approach.- B: Inefficiency, Instability, and Restricted Options.- 1. Introduction.- 2. The Scope of Transformation and the Sequencing Issue.- 3. Restricted Options in Transforming Socialist Economics.- C: Privatization and Foreign Investment in Eastern Europe.- 1. In Search of Private Owners and Entrepreneurship.- 2. Privatization and Resistance to Systemic Change.- 3. Economic Challenges of Foreign Direct Investment in Eastern Europe.- 4. Normative Conclusions for Policy Concepts.- Appendix C1: Competition and Prices in Systemic Transition.- D: Foreign Economic Liberalization in Eastern Europe.- 1. The Challenge of Foreign Economic Liberalization.- 2. Strategic Role of Foreign Economic Liberalization.- 3. Liberalization and Economic Integration.- 4. Role of a New Marshall Plan.- Appendix D1: Ratio of Consumer Surplus to Producer Surplus.- Appendix D2: A New Supply-augmented IS-LM Model.- Appendix D3: Exports to European A Partners as a Percentage of Total Exports.- E: East-West Problems in Europe and North-South Conflicts.- 1. The New Europe.- 2. Economic Aspects of Instability and Conflict in Europe.- 3. North-South Conflicts and Global Aspects.