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Book synopsis

In 1990, the countries of Central and Eastern Europe began or accelerated their transition to a market economy. This book addresses among others the following questions: (I) What are the fundamental causes of the collapse of the Soviet-type economic systems? (II) What major steps could be taken to make the transition process to a market economy irreversible and less painful? (III) What can be learned from West Germany's outstandingly successful postwar economic reforms? (IV) Is the issue of gradualism versus shock therapy still relevant? (V) If macroeconomic stability is a precondition, what is the role of privatization, deregulation and trade liberalization? (VI) What is the optimal sequence of steps in privatization, deregulation, liberalization and currency convertibility? (VII) How quickly may privatization be achieved? (VIII) Is the USSR really a special case and, if so, in what respects and for what fundamental reasons? (IX) How long in the transition period may the initial phase of disorder, chaos and decline last? (X) What can be learned from the experiences gathered so far in the major ex-communist countries?

Book details

Book category Books in English Economics, finance, business & management Economics

• Full title: Towards a Market Economy in Central and Eastern Europe
• Author: Herbert Giersch
• Language: English
• Binding: Paperback
• Number of pages: 169
• EAN: 9783642765742
• ISBN: 3642765742
• ID: 07128066
• Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
• Weight: 289 g
• Dimensions: 235 × 155 × 11 mm
• Date of publishing: 06. December 2011

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