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    Economic Transition in Hungary and East Germany

    By: J. Stephan

    QTY
    -+
    $139.99
     
     
    ISBN
    9780230596580
    Date Released
    Binding
    eBook
     
     

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    Description
    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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