Market-oriented Systemic Transformations in Eastern Europe di Paul J. J. Welfens edito da Springer Berlin Heidelberg
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Market-oriented Systemic Transformations in Eastern Europe

Problems, Theoretical Issues, And Policy Options

EAN:

9783642634826

ISBN:

3642634826

Pagine:
280
Formato:
Paperback
Lingua:
Tedesco
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Descrizione Market-oriented Systemic Transformations in Eastern Europe

Socialist economies in Eastern Europe have collapsed and em- barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed. Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of privatization and foreign investment are adressed. Foreign economic liberalization is considered to be of centralimportance for a growth-oriented adjustment path in a stage of conflict-prone policy and options. Politico-economic aspects of the new European developments in addition to North-South issues are analyzed. Difficult choices await decison-makers in economic policy and the business community in Eastern Europe and in leading market economies.

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