Market-oriented Systemic Transformations in Eastern Europe: Problems, Theoretical Issues, and Policy Options

Market-oriented Systemic Transformations in Eastern Europe: Problems, Theoretical Issues, and Policy Options

by Paul J.J. Welfens
     
 
Socialist economies in Eastern Europe have collapsed and em-
barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed.
Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of

Overview

Socialist economies in Eastern Europe have collapsed and em-
barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed.
Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of privatization and foreign investment are adressed.
Foreign economic liberalization is considered to be of centralimportance for a growth-oriented adjustment path in a stage of conflict-prone policy and options.
Politico-economic aspects of the new European developments in addition to North-South issues are analyzed. Difficult choices await decison-makers in economic policy and the business community in Eastern Europe and in leading market economies.

Product Details

ISBN-13:
9783642634826
Publisher:
Springer Berlin Heidelberg
Publication date:
04/30/2014
Edition description:
Softcover reprint of the original 1st ed. 1992
Pages:
264
Product dimensions:
6.69(w) x 9.61(h) x 0.02(d)

Meet the Author

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >