Economic Transition in Hungary and East Germany

By: J. Stephan

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-+
$137.99
 
 
ISBN
9780230596580
Date Released
Binding
eBook
 
 

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Description
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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.
ISBN:
9780230596580
Publication Date:
08 / 02 / 1999

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