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Economic Transition in Hungary and East Germany
Johannes Stephan
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Description for Economic Transition in Hungary and East Germany
Hardback. 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 conditions for economic development which imply some degree of state intervention and strategy. Series: Studies in Economic Transition. Num Pages: 308 pages, biography. BIC Classification: 1DFGE; 1DVH; KCM; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 26. Weight in Grams: 545.
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.
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.
Product Details
Format
Hardback
Publication date
1999
Publisher
Palgrave Macmillan United Kingdom
Number of pages
308
Condition
New
Series
Studies in Economic Transition
Number of Pages
293
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333751435
SKU
V9780333751435
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Johannes Stephan
DR. JOHANNES STEPHAN is Research Fellow at the Institute for Economic Research Halle. Following his graduation from the Freie Universität Berlin in 1994, he undertook a doctoral research project on the economics of systemic transformation and economic development in post-socialist economies which he finalised in 1997 at the Institute for German Studies, University of Birmingham.
Reviews for Economic Transition in Hungary and East Germany
'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 ... Read more