Adjustment, Structural Change, and Economic Efficiency : Aspects of Monetary Cooperation in Eastern Europe (Cambridge Russian, Soviet and Post-Soviet Studies)

Brabant, Jozef M Van

ISBN 10: 0521334551 / ISBN 13: 9780521334556

Published by Cambrigde University Press, 1987

About this Item

Hardcover (512 pages) This book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA).This book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). The chief purpose is two-fold: to assess thier adequacy in light of the forced economic adjustments of the early 1980s and to formulate feasible changes for both in order to avert a recurrence of such developmental obstacles. Jozef van Brabant argues that these instruments and institutions are inadequate.This book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). The chief purpose is two-fold: to assess thier adequacy in light of the forced economic adjustments of the early 1980s and to formulate feasible changes for both in order to avert a recurrence of such developmental obstacles. Jozef van Brabant argues that these instruments and institutions are inadequate. He proposes that a resumption of rapid growth depends largely upon bolstering factor productivity growth, which can only be achieved through positive structural changes and a root-and-branch reform of the individual and groupwide economic mechanisms.List of figures and tables; Preface; notes on transliteration, referencing, and units; List of abbreviations; Introduction; Part I. The Environment of Socialist Economic Integration: 1. Socialist economic integration in perspective; 2. The CMEA's organization and policy programs; 3. Adjustment policies in perspective; Part II. Indirect Coordination Instruments and Supporting Institutions: 4. Socialist trade prices and CMEA cooperation; 5. Domestic prices, structural adjustment, and economic reform; 6. Exchange rates and foreign exchange policies; 7. Eastern Europe in the world monetary system; 8. The CMEA's nascent monetary system and the common banks; 9. Factor mobility and investment coordination; 10. The International Investment Bank; 11. National and regional convertibility in the CMEA; Part III. A Development and Integration Scenario: 12. Socialist economic integration and East-West relations in the late 1980s and beyond. Beware :Our postage prices are often quite lower than suggested by abebooks automatic generated prices.

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Bibliographic Details

• Title: Adjustment, Structural Change, and Economic Efficiency : Aspects of Monetary Cooperation in Eastern Europe (Cambridge Russian, Soviet and Post-Soviet Studies)
• Publisher: Cambrigde University Press
• Publication Date: 1987
• Language: English
• ISBN 10: 0521334551
• ISBN 13: 9780521334556
• Binding: Hard Cover, Dustjacket
• Edition: First Edition
• Condition: Very Good
• Dust Jacket Condition: Very Good

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.