Economic Transition in Hungary and East Germany

Name: Economic Transition in Hungary and East Germany
Author: J. Stephan

Gradualism, Shock Therapy and Catch-Up Development

Gebonden Engels 1999 9780333751435

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Samenvatting

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

Hoofdrubriek:Economie, Economie

Serie:Studies in Economic Transition

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Inhoudsopgave

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