Transformation of economy as a real process : an insider's perspective
著者
書誌事項
Transformation of economy as a real process : an insider's perspective
Ashgate, 1998
- : hardcover
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注記
Includes bibliographical references and index
内容説明・目次
内容説明
With a view from the inside, Daniel Daianu, presently Minister of Finance in Romania, provides an assessment of transformation pains and challenges for both the economies and the policy-making of transition. While macroeconomic stabilization is often seen as the engine of transformation, Daianu focuses on the interrelation between stabilization and structural policies and on the difficulty for policy makers - who are part of the structural environment - of gearing the institutions to adjust to the requirements of transition to market. What matters is not only institutional change per se, but its timing, quality, and sustainability which are confronted by social strains and in some countries, highly unfavourable legacies such as institutional backwardness. Countries unable to manage a comprehensive and balanced programme of transition to market, may find themselves caught up on an unfavourable and hard-to-break-away-from path of dependency. Backlashes are possible. There is a need for a vision among policy leaders and for powerful policy anchors, for example those provided by prospects of integration to more advanced institutional association such as the European Union and NATO.
目次
- Introduction: the path of transformation. Part 1 Institutional change: transformation and the legacy of backwardness
- economic policy in public debate
- finance in Romania's quest for modernization - the interwar period and the present
- institutions, strain and the underground economy. Part 2 Macroeconomics stabilization and restructuring: the changing mix of dis-equilibria during transition - a Romanian background
- resource misallocation and strain - explaining shocks in post-command economies
- structure and strain in explaining inter-enterprise arrears
- stabilization and exchange rate policy in Romania. Part 3 Transformation and external environment: Europe under a double challenge
- judging Romania's way in a comparative framework
- the European Union and Eastern Enlargement - a compounded challenge.
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