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.
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语言 英语 ● 格式 PDF ● ISBN 9780230596580 ● 出版者 Palgrave Macmillan UK ● 发布时间 1999 ● 下载 3 时 ● 货币 EUR ● ID 4970788 ● 复制保护 Adobe DRM
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