Description

Book Synopsis
Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.

Trade Review
A highly readable and extremely convincing account of why the strategies adopted by east European governments have failed. [The authors] argue that these governments adopted a free-market, neo-classical model of capitalist development, totally inappropriate to their condition and history, and one which did not reflect the way advanced capitalist countries had themselves developed. -- Peter Lawrence * Financial Times *

Table of Contents
Preface From Pseudo-Socialism to Pseudo-Capitalism Transition Macroeconomics The Black Box of State-Owned Enterprises Overloading the Market Mechanism Pseudo-Privatization and the World Bank Enterprise and the State Challenges Facing the State Reconstructing the State Economy, Society, and the State Notes References Index

The Market Meets Its Match

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    A Paperback by Alice Amsden, Jacek Kochanowicz, Lance Taylor

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      Book details

      Publisher Harvard University Press
      Published 10 January 1998
      ISBN-13 9780674549845
      978-0674549845
      ISBN-10 0674549848
      Also in:
      Business, Finance & Law Development economics Macroeconomics

      Description

      Book Synopsis
      Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.

      Trade Review
      A highly readable and extremely convincing account of why the strategies adopted by east European governments have failed. [The authors] argue that these governments adopted a free-market, neo-classical model of capitalist development, totally inappropriate to their condition and history, and one which did not reflect the way advanced capitalist countries had themselves developed. -- Peter Lawrence * Financial Times *

      Table of Contents
      Preface From Pseudo-Socialism to Pseudo-Capitalism Transition Macroeconomics The Black Box of State-Owned Enterprises Overloading the Market Mechanism Pseudo-Privatization and the World Bank Enterprise and the State Challenges Facing the State Reconstructing the State Economy, Society, and the State Notes References Index

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