Title: Market-oriented Systemic Transformations in Eastern Europe: Problems, Theoretical Issues, and Policy Options
Publisher: Springer
Publication Date: 2012
Language: English
ISBN 10: 3642634826
ISBN 13: 9783642634826
Binding: Soft cover
Condition: New

About this title

Synopsis

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.

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