Economic Transition in Hungary and East Germany (Innbundet)

Gradualism, Shock Therapy and Catch-up Development

Serie: Studies in Economic Transition 


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Innbinding: Innbundet
Utgivelsesår: 1999
Antall sider: 308
Forlag: Palgrave Macmillan
Språk: Engelsk
Serie: Studies in Economic Transition
ISBN/EAN: 9780333751435
Kategori: Økonomi og ledelse
Omtale: Economic Transition in Hungary and East Germany
What factors determine the success of economic transition, development and growth? Examining the contrast between East German shock-therapy and Hungary's gradualism, the book generates a set of generalisable conditions for economic development which imply some degree of state intervention and strategy. A stability-oriented incomes policy and a carefully managed integration strategy can enable sustainable export surpluses, a competitive currency and macroeconomic stability, whilst providing sufficient room for economic restructuring, structural transformation and technological catch-up. The dangers of premature integration are examined.

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