Economic Transition in Hungary and East Germany

Gradualism, Shock Therapy and Catch-Up Development

Gebonden Engels 1999 9780333751435
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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, 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.

Specificaties

ISBN13:9780333751435
Taal:Engels
Bindwijze:Gebonden
Uitgever:Palgrave Macmillan UK

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          Economic Transition in Hungary and East Germany