Del i serien Studies in Economic Transition

Economic Transition in Hungary and East Germany

Gradualism, Shock Therapy and Catch-Up Development

Inbunden, Engelska, 1999

1 429 kr

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What factors determine the success of economic transition, development and growth? Examining the contrast between East German shock therapy and Hungary's gradualism, this work generates a set of generalizable 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 the achievement of 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 also examined.

Produktinformation

Utgivningsdatum1999-02-08
Mått140 x 216 x 21 mm
Vikt544 g
FormatInbunden
SpråkEngelska
SerieStudies in Economic Transition
Antal sidor293
Upplaga1999
FörlagPalgrave Macmillan
ISBN9780333751435

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List of Illustrations List of Tables Abbreviations PART I: INTRODUCTION Introduction PART II: THE SHOCK-THERAPY IN THE NEW BUNDESLÄNDER East Germany's Economic Integration and 'Socialist Legacies' German Monetary Union and Currency Reform German Unification and the Prospects for Catch-Up Development PART III: HUNGARY'S GRADUALISM AND CATCH-UP DEVELOPMENT The Development of a Financial Sector in Hungary Monetary Stabilisation Policies in Hungary: Constraints and Opportunities Hungarian Foreign Trade and Catch-Up Development The 'Austerity Programme': A Strategic Reorientation? PART IV: CONCLUSIONS Conclusions Bibliography Index

'It is an important addition to the literature on this increasingly popular topic.' - Robert F. Miller, SEER 'This is a well-written, well-researched review of transformation processes in the former German Democratic Republic and Hungary...if an understanding of financial sector stablization, economic integration, and the role of foreign trade in transformation economies is sought, the book will prove rewarding.' - Philip J. Bryson, Slavic Review