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Economic Transition in Hungary and East Germany : Gradualism, Shock Therapy and Catch-Up Development.
・ISBN 978-0-333-75143-5 hard EUR 99.99
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| 著者・編者 | Stephan, Johannes, |
|---|---|
| シリーズ | Studies in Economic Transition |
| 出版社 | (Macmillan, UK) |
| 出版年月 | 1999 |
| ページ数 | 288 pp. |
| 言語 | ENG |
| ニュース番号 | <449-177 449-195> |
解説
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.