Title: Adjustment, Structural Change, and Economic Efficiency: Aspects of Monetary Cooperation in Eastern Europe (Cambridge Russian, Soviet and Post-Soviet Studies, Series Number 58)
Publisher: Cambridge University Press
Publication Date: 1987
Language: English
ISBN 10: 0521334551
ISBN 13: 9780521334556
Binding: Hardcover
Condition: New

About this title

Synopsis

This book examines the instruments for decision coordination within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). In light of the forcedeconomic adjustments of the early 1980s, Jozef van Brabant offers this study of the centrally planned economies and the inadequacy of their coordination mechanisms. He proposes that a resumption of faster growth depends largely upon increasing the pace of factor productivity growth--something that can only be achieved through structural change and a reform of the economic mechanism.

Book Description

A study of the centrally planned economies and the inadequacy of the coordination mechanisms within and between those countries belonging to the CMEA.

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