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Economic Transition in Hungary and East Germany: Gradualism, Shock Therapy and Catch-Up Development
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Economic Transition in Hungary and East Germany: Gradualism, Shock Therapy and Catch-Up Development (Hardback)

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Synopsis

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.

BusinessEconomicsDevelopment economicsBusinessEconomicsPolitical economy Publisher: Palgrave Macmillan Publication Date: 08/02/1999 ISBN-13: 9780333751435  Details: Type: Hardback Format: Books
Availability: Currently unavailable to order online.  

DR. JOHANNES STEPHAN is Research Fellow at the Institute for Economic Research Halle. Following his graduation from the Freie Universitat Berlin in 1994, he undertook a doctoral research project on the economics of systemic transformation and economic development in post-socialist economies which he finalised in 1997 at the Institute for German Studies, University of Birmingham.

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