Economic transition in Hungary and East Germany : gradualism and shock therapy in catch-up development
Author(s)
Bibliographic Information
Economic transition in Hungary and East Germany : gradualism and shock therapy in catch-up development
（Studies in economic transition）
Macmillan , St. Martin's Press, 1999
- : uk
- : us
Available at / 16 libraries
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University Library for Agricultural and Life Sciences, The University of Tokyo図
: uk332.347:St55010067873
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Note
Includes bibliographical references (p. 257-281) and index
Description and Table of Contents
Description
What factors determine the success of economic transition, development and growth? Examining the contrast between East German shock-therapy and Hungary's gradualism, the book generates a set of generalisable conditions for economic development which imply some degree of state intervention and strategy. A stability-oriented incomes policy and a carefully managed integration strategy can enable sustainable export surpluses, a competitive currency and macroeconomic stability, whilst providing sufficient room for economic restructuring, structural transformation and technological catch-up. The dangers of premature integration are examined.
Table of Contents
List of Illustrations List of Tables Abbreviations PART I: INTRODUCTION Introduction PART II: THE SHOCK-THERAPY IN THE NEW BUNDESLAENDER East Germany's Economic Integration and 'Socialist Legacies' German Monetary Union and Currency Reform German Unification and the Prospects for Catch-Up Development PART III: HUNGARY'S GRADUALISM AND CATCH-UP DEVELOPMENT The Development of a Financial Sector in Hungary Monetary Stabilisation Policies in Hungary: Constraints and Opportunities Hungarian Foreign Trade and Catch-Up Development The 'Austerity Programme': A Strategic Reorientation? PART IV: CONCLUSIONS Conclusions Bibliography Index
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