The emergence of market economies in Eastern Europe

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書誌事項

The emergence of market economies in Eastern Europe

edited by Christopher Clague and Gordon C. Rausser

Blackwell Publishers, 1992

  • : hard
  • : pbk

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注記

Includes bibliographical references (p. 333-345) and index

内容説明・目次

巻冊次

: hard ISBN 9781557863331

内容説明

This collection of essays examines the problems facing East European countries as they start the transition from managed to market economies. Various social and political as well as economic considerations are explored and some strategies for change suggested.

目次

Contributors Preface 1. Introduction: The Journey to a Market Economy: Christopher Clague Part I: The Problem of the Transition 2. The Next Decade in Central and Eastern Europe: Lawrence Summers 3. Evolution in Economics and in the Economic Reform of the Centrally Planned Economies: Peter Murrell 4. The Hidden Path to a Successful Economy: Mancur Olson 5. Organizations as Property: Economic Analysis of Property Law Applied to Privatization: Robert Cooter 6. The Transition to a Market Economy: Alan Walters Part II: Macroeconomic Policy and Financial Discipline 7. Taxation, Money, and Credit in a Liberalizing Socialist Economy: Robert McKinnon 8. Stabilization and Liberalization Policies for Economics in Transition: Latin American Lessons for Eastern Europe: Sebastian Edwards 9. The Design of Financial Systems for the Newly Emerging Democracies of Eastern Europe: Joseph E. Stiglitz Part III: Government Policy Toward the Private Sector: Antitrust Policy and the Safety Net 10. Anti-Monopoly Policies and Institutions: Robert Willig 11. The Safety Net During Transformation: Hungary: David Newbery 12. Institutions for the New Private Sector: Anne Krueger Part IV: The Privatization Process 13. Privatization in East European Transformation: Stanley Fischer 14. The Political Economy of Transition in Eastern Europe: Packaging Enterprises for Privatization: Gordon Rausser and Leo Simon 15. Privatization in East-Central Europe: Avoiding Major Mistakes: Jan Winiecki 16. The Political Economy of Privatization: Poland, Hungary, and Czechoslovakia: Scott Thomas 17. Strategies for the Transition: Arnold Harberger 18. Institutions and the Transition to a Market Economy: Andras Nagy Part V: Conclusions 19. Lessons for Emerging Market Economies in Eastern Europe: Gordon Rausser References.
巻冊次

: pbk ISBN 9781557863348

内容説明

The challenge of making a successful transition from central planning under Communism to a market economy and a democratic polity is one of the most important facing the world today. There is no historical precedent; while the experience of the West provides attractive models of the ultimate destination, the beginning of the journey is uncharted territory. In this volume a number of leading Western economists offer the first comprehensive overview of all aspects of the economic problems facing Eastern Europe. These encompass much more than the need to dismantle rigid systems of control. A new set of social arrangements that would enable market forces to enhance productivity must be constructed - contract law, secure private property, a predictable taxation policy, a stable monetary structure, and an appropriate regulatory framework. The task is greatly complicated by the fact that the institutions of a successful market economy are highly interdependent: each functions properly only when others are also in place, but none can be put in place with one stroke. Part I deals with overall approaches to the transition; Part II, with macroeconomic balance and financial discipline, Part III, with government policy towards the private sector, in particular anti-trust policy and safety-net issues; Part IV, with privatization policy and the current state of privatization plans.

目次

Contributors Preface 1. Introduction: The Journey to a Market Economy: Christopher Clague Part I: The Problem of the Transition 2. The Next Decade in Central and Eastern Europe: Lawrence Summers 3. Evolution in Economics and in the Economic Reform of the Centrally Planned Economies: Peter Murrell 4. The Hidden Path to a Successful Economy: Mancur Olson 5. Organizations as Property: Economic Analysis of Property Law Applied to Privatization: Robert Cooter 6. The Transition to a Market Economy: Alan Walters Part II: Macroeconomic Policy and Financial Discipline 7. Taxation, Money, and Credit in a Liberalizing Socialist Economy: Robert McKinnon 8. Stabilization and Liberalization Policies for Economics in Transition: Latin American Lessons for Eastern Europe: Sebastian Edwards 9. The Design of Financial Systems for the Newly Emerging Democracies of Eastern Europe: Joseph E. Stiglitz Part III: Government Policy Toward the Private Sector: Antitrust Policy and the Safety Net 10. Anti-Monopoly Policies and Institutions: Robert Willig 11. The Safety Net During Transformation: Hungary: David Newbery 12. Institutions for the New Private Sector: Anne Krueger Part IV: The Privatization Process 13. Privatization in East European Transformation: Stanley Fischer 14. The Political Economy of Transition in Eastern Europe: Packaging Enterprises for Privatization: Gordon Rausser and Leo Simon 15. Privatization in East-Central Europe: Avoiding Major Mistakes: Jan Winiecki 16. The Political Economy of Privatization: Poland, Hungary, and Czechoslovakia: Scott Thomas 17. Strategies for the Transition: Arnold Harberger 18. Institutions and the Transition to a Market Economy: Andras Nagy Part V: Conclusions 19. Lessons for Emerging Market Economies in Eastern Europe: Gordon Rausser References.

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