Description
Book SynopsisBringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe,
Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations.
This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, it explores how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy.
Economics of Transition is the first of a major new series published by Edward Elgar for The Vienna Institute for Comparative Economic Studies. The intention of this new series is to encourage discussion on the economic theory and policy of transition and European economic integration.
Trade Review'. . . this volume makes an important contribution to the literature on economic transition by presenting a persuasive, well-supported criticism of conventional transition policy, as well as a number of explicit policy alternatives.' -- Hannah E. Kettler, Eastern Economic Journal' . . . this book is a useful addition to the literature on economic transition and marks a turn from short run economic policy advice towards theoretical understanding.'– Jens Holscher, The Economic Journal
Table of ContentsContents: Introduction 1. Structural Adjustments and Growth: Is Eastern Europe Catching Up? (M. Knell) 2. Stabilization and Prospects for Sustainable Growth in the Transition Economies (P. Havlik) 3. Economics of Transition: Some Gaps and Illusions (A. Nove) 4. Macroeconomic Collapse During Systemic Change (J.B. Rosser, Jr. and M.V. Rosser) 5. An Alternative Economic Policy for Central and Eastern Europe (K. Laski) 6. Patterns of Economic Transition and Structural Adjustments (A. Bhaduri) 7. Balance-of-Payments Constrained Growth in Central and Eastern Europe (M. Landesmann and J. Pöschl) 8. Growth Consequences of Systemic Transformation (V. Gligorov and N. Sundström) 9. Prospects of Building Science andTechnology Capabilities in Central and Eastern Europe’ (S. Radosevic) 10. Closing the Institutional Hiatus in Economies in Transition: Beyond the ‘State versus Market’ Debate (R. Kozul-Wright and P. Rayment) Index
