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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

J. Stephan

PDF

ca. 112,13 €

Amazon iTunes Thalia.de Weltbild.de Hugendubel Bücher.de ebook.de kobo Osiander Google Books Barnes&Noble bol.com Legimi yourbook.shop Kulturkaufhaus ebooks-center.de
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Palgrave Macmillan UK

Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

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.

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