Socialist Economies in Transition

Socialist Economies in Transition PDF Author: Mark Knell
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
The revolutionary changes of 1989 have seen most of the centrally planned economies finalizing a long process of discarding the restraints of planning. These changes involve economic moves to decentralize economic decision-making, introduce market mechanisms and privatize state-owned property. A central thesis of this book is that an uncritical acceptance of the market mechanism will not lead to greater efficiency or increased output. Rather, it may result in more economic problems.