The political economy of the transition process in Eastern Europe : proceeding of the 13th Arne Ryde Symposium, Rungsted Kyst, 11-12 June /
edited by Laszlo Somogyi.
Aldershot, Hants, England ; Brookfield, Vt. : E. Elgar Pub., c1993.
x, 375 p.
1852788577 :
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Aldershot, Hants, England ; Brookfield, Vt. : E. Elgar Pub., c1993.
1852788577 :
catalogue key
Includes bibliographical references.
A Look Inside
Main Description
This well-produced book is a worthy contribution to the burgeoning literature on the transition. The editor provides a useful introduction. Ian Jeffries, The Economic Journal . . . provides a useful and readable introduction to many of the most important issues in the transition process . Hugo Radice, Economics of Transition Why has industrial output fallen in Eastern Europe and is further decline inevitable? What lessons can be learned from the stablilization programmes of the first two years of the post-communist era? Should the transitional economies privatize quickly and where do they find the missing institutions essential to the proper working of capitalism? In seeking answers to these and other questions, The Political Economy of the Transition Process in Eastern Europe analyses the difficulties faced by nations attempting to move from a planned to a market economy with special emphasis on issues of macroeconomic stabilization and institutional change. Highlighting the problems confronting countries as diverse as Hungary and Kazakhstan or Bulgaria and Estonia, the contributors to this volume address issues such as how to improve the performance of both commodity and factor markets, how farming should be de-collectivized, what will soften the impact on former member republics of the dissolution of the USSR, and whether infant or senile industries should be protected during the transition process? This volume includes special studies on Bulgaria, Croatia, Estonia, Hungary and Kazakhstan, as well as an analysis of what is happening with state-owned enterprises while they are waiting for privatization and how the acquisition of such companies by foreign investors impacts on competition. By stressing the importance of pre-existing conditions and rejecting any notion of a universally valid policy prescription, the authors recognize the urgent need to identify those losses in output which are avoidable, and those which are not. Providing an analytical framework for future research, as well as a wealth of valuable data, The Political Economy of the Transition Process in Eastern Europe will be welcomed by students, researchers and policymakers concerned with the creation of a new agenda for the transitional economies.
Table of Contents
List of Tables and Figures
Introductionp. 1
Why Did Output Fall in Eastern Europe?p. 25
Lessons from the Stabilisation Programmes of Central and Eastern European Countries, 1989-1991p. 40
Output Gains from Economic Liberalisation: A Simple Formulap. 67
After The Shock. Some Lessons from Transition Policies in Eastern Europep. 88
Transition Issues as Seen Through the Experience of Hungary: There is No Cookbook to Go Byp. 108
Stabilisation Policy in Post-Communist Bulgariap. 124
Some Issues on Macro-Economic Stabilisation Policy in the Economies in Transitionp. 146
Private Mechanisms for the Creation of Efficient Institutions for Market Economiesp. 158
Employment Issues in a Period of Systemic Mutationp. 171
The Political Economy of Privatisationp. 189
Property Rights, Competition Policy, and Privatisation in the Transition from Socialism to Market Economyp. 208
Escaping from the State - Escaping to the Statep. 227
Problems of Decollectivisation with Special Attention to East Germanyp. 240
The New East, Preferred Trade Regimes, and Designing the Transitionp. 260
Problems of Socialist Transformation: Kazakhstan 1991p. 289
A Coasean Journey Through Estonia - A Study in Property Rights and Transaction Costsp. 312
Ethnic Nationalism and Post-Communist Transition Problemsp. 327
Sustainable Transitionp. 340
Name Indexp. 363
Subject Indexp. 371
Table of Contents provided by Blackwell. All Rights Reserved.

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