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The Transition to the Market Economy: Critical Perspectives on the World Economy: Critical Perspectives on the World Economy

Editat de Junior Davis, Paul Hare
en Limba Engleză Hardback – 6 mar 1997
This collection draws together the most significant writings on the economics of transition. Although there are a wide range of examples from different countries and industries, the focus is on analysis of the key issues. These include:
* macroeconomics and stabilization
* liberalization and the establishment of markets
* property rights and the legal framework
* reform of banking and finance, agriculture, and the trading system
* the functioning of labour markets
This collection draws on material from an enormous range of sources. It includes articles by Barry Eichengreen, Oliver Blanchard, Stanley Fischer and Janos Kornai.
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Specificații

ISBN-13: 9780415124348
ISBN-10: 0415124344
Pagini: 1720
Dimensiuni: 156 x 234 mm
Greutate: 0.45 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Critical Perspectives on the World Economy

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate and Undergraduate

Cuprins


Preface

VOLUME I
Introductory overview by P. G. Hare and J R. Davis
Part I Political economy of transition
  1. On the speed of transition in Central EuropeP. Aghion and 0. J. Blanchard
  2. Lessons of the first four years of systemic change in Eastern Europe
    A. Aslund
  3. Common fallacies in the debate on the economic transition in Central and Eastern Europe
    L. Balcerowicz
  4. Transition in Poland
    1. J Blanchard
  5. Output collapse in Eastern Europe: the role of credit G. A. Calvo and F. Coricelli
  6. Interventionist pressures on a policy maker during the transition to economic freedom (personal experience)
    1. Dabrowski
  7. Transformation, depression, and economics: some lessons
    1. Ellman
  8. What is shock therapy? What did it do in Poland and Russia?P. Murrell
  9. Transformation traps
  1. Portes
  1. The role of political constraints in transition strategies G. Roland
  2. Why did output fall in Eastern Europe?J Williamson
    Part II Macroeconomics and stabilisation
  3. Stabilization and the macroeconomics of transition - how different is Eastern Europe?
    1. Bruno
  4. Stabilization in Poland G. A. Calvo and F. Coricelli
  5. On the credibility of 'big bang' programs: a note on wage claims and soft budget constraints in economies in transition
    F. Coricelli and G. M. Milesi-Ferretti
  6. Stabilization and economic reform in Russia
  1. Fischer
  1. Fiscal policy during the transition in Eastern EuropeR.H. Gordon
  2. Transformational recession: the main causesJ. Kornai
  3. The applicability of standard reform packages to Eastern Europe
    J. Winiecki
    VOLUME II

    Part III Liberalisation and markets
  4. A theory of shortage in Socialist economies based on the "soft budget constraint"
    Y. Qian
  5. From plan to market: on the nature of the transformation crisis
    H. Schmieding
  6. Knowledge, transaction costs and the creation of markets in post-Socialist economies
    W Swaan
    Part IV Property rights and the legal framework for transition economies
  7. Legal foundations of a market economyEuropean Economy
  8. Market-oriented reform legislation in the independent statesEuropean Economy
  9. Competition policy in Russia during and after privatizationP. L. Joskow, R. Schmalensee and N Tsukanova
    Part V Privatisation
  10. The behaviour of state firms in Eastern Europe, pre-privatisation
    P. Aghion, 0. 1 Blanchard and R. Burgess
  11. The economics of enterprise restructuring in Central and Eastern Europe
    P. Aghion, 0. J. Blanchard and W Carlin
  12. Political dimensions of privatization in Eastern EuropeJ. Batt
  13. Privatization policies in Central and Eastern EuropeP. Bolton and G. Roland
  14. Economic transition and privatization: the issuesS. Estrin
  15. Insiders and the state: overview of responses to agency problems in East European privatizations
    R. Frydman and A. Rapaczynski
  16. Triggering evolution: the case for a breakthrough in privatization
    I. Grosfeld
  17. Restructuring and privatizing electric utilities in Eastern Europe
    D. M. Newbery
  18. Transforming state enterprises in Poland: evidence on adjustment by manufacturing firms
    B. Pinto, M. Belka and S. Krajewski
  19. Privatization in Eastern Europe: irreversibility and critical
mass effects
G. Roland and T. Verdier
VOLUME III
Part VI Banking and finance
  1. Balance sheet restructuring and privatisation of the banksH. J Blommestein and J R. Lange
  2. Financial reform in Eastern Europe: progress with the wrong model
    J Corbett and C. Mayer
  3. Bank reform and behavior in Central EuropeP. Dittus
  4. Banking reform in Central and Eastern EuropeEuropean Bank for Reconstruction and Development
  5. Needed mechanisms of corporate governance and finance in Eastern Europe
    R. Frydman, E. S. Phelps, A. Rapaczynski and A. Shleifer
  6. Enterprise debt and financial restructuring in Central and Eastern Europe
    D. Begg and R. Portes
  7. An innovatory package for financial sector reforms in Eastern European countries
    1. Steinherr
  8. Eastern Europe's experience with banking reform: is there a role for banks in the transition?
    1. Thorne
  9. Enterprise reform in Eastern EuropeS. van Wijnbergen
  10. The role of international financial institutions in the transition process
    S. Zecchini



    Part VII Trade
  11. Structural adjustment and international trade in Eastern Europe: the case of Poland
    1. Berg and J Sachs
  12. A payments mechanism for the former Soviet Union: is the EPU a relevant precedent?
    B. Eichengreen
  13. Trade with Eastern Europe C. B. Hamilton and L. A. Winters
  14. The international competitiveness of industries in Bulgaria, Czechoslovakia, Hungary, and Poland G. Hughes and P. Hare
  15. Trade liberalization with Eastern nations. How sensitive?D. Neven
  16. The impact of systemic transition on the European Community
    D. M. Nuti
  17. EC trade with Eastern EuropeJ Rollo and A. Smith
    VOLUME IV

    Part VIII Agriculture
  18. Intersectoral changes in former Socialist economies: distinguishing initial from longer-term responses
    K. Anderson
  19. The CAP and Central and Eastern Europe
    1. Buckwell and S. Tangermann
  20. Domestic and trade policy for Central and East European agricultureL. Karp and S. Stefanou
  21. Why collectivization of agriculture in Socialist countries has failed: a transaction cost approach
    G. Schmitt
    Part IX Labour markets
  22. 'Transitional' unemploymentT. Boeri
  23. Unemployment, labour markets and structural change in Eastern Europe
    M. Burda
  24. Economic restructuring, unemployment, and growth in a transition economy
    B. Chadha, F. Coricelli and K. Krajnyak
  25. Economic policy and employment in the transition economies of Central and Eastern Europe: what have we learned?
R. Jackman

Notă biografică

Paul G. Hare is Professor of Economics at Heriot-Watt University and Director of the Centre for Economic Reform and Transformation. He also edits Economics of Transition for the European Bank for Reconstruction and Development.
Junior R. Davis is Research Associate at Heriot-Watt University. He has written several papers on economic adjustment in Eastern Europe and the former Soviet Union.

Descriere

This collection of articles examines the development of one of the most significant economic transformations ever undertaken covering a wide range of countries and economic sectors