Ten Years of Post-socialist Transition Lessons for Policy Reform PDF Download
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Author: Grzegorz W. Kolodko
Publisher: World Bank Publications
ISBN:
Category : Ajuste estructural
Languages : en
Pages : 34
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Book Description
Author: Grzegorz W. Kolodko
Publisher: World Bank Publications
ISBN:
Category : Ajuste estructural
Languages : en
Pages : 34
Get Book Here
Book Description
Author: Grzegorz W. Kolodko
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Transition to a market economy is a lengthy process comprised of various spheres of economic activities. The naive belief that a market economy can be introduced by "shock therapy" is wrong, and in several cases, when attempted, has caused more problems than it has solved. Because a market economy requires adequate institutional structures and an appropriate behavior, transition can be executed only in a gradual manner, since these are very gradual processes based upon new organizations, new laws, and the changing behavior of various economic entities. In 1989, influential financial organizations, political bodies, and professional economists seemed to agree upon main points for economic policy reform. This was termed the Washington consensus. Despite the fact that the economic policy of the Washington consensus was initially developed without any concern for post-socialist transformation, it has happened that these ideas have significantly influenced the path of thought and action in Eastern Europe and the former Soviet Union. Because these policies were not intended for the overhaul of post-socialist countries, however, they have failed. A new, post-Washington consensus is developing, as it should, based on the lessons learned from experience thus far. Some major policy conclusions can be drawn: First, institutional arrangements are the most important factor for progress toward durable growth. Second, policy must recognize that institution building by its nature must be a gradual process. Third, policy makers must acknowledge that the size of the government is less important than the quality of its policy and the manner of the changes of government dimension. Fourth, if institutional arrangement is neglected and left to the spontaneous processes and unleashed forces of liberalized markets, then informal institutionalization fills the systemic vacuum. Fifth, in transition economies' policies must transform and streamline the judiciary system to serve the market economy. Sixth, a shift of competence and power from the central government to local governments is necessary for deregulation of the post-socialist economy. Seventh, there is an urgent necessity to accelerate the development of non-government organizations. Eight, during transition income policy and government concern for equitable growth has great meaning. Ninth, short-term capital liberalization must be monitored and controlled by the countries' fiscal and monetary authorities with the support of international financial institutions. Tenth, the Bretton Woods organizations should reconsider their policies toward transition economies aiming at institutional building and support for equitable growth.
Author: S. Ichimura
Publisher: Springer
ISBN: 023024498X
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
20 years after the collapse of communism in Central Eastern European countries and 30 years after the start of market-oriented reforms in China, this book provides a framework for understanding the differing emphasis and sequencing of two reforms and explores in-depth these issues in the demise of communism and the triumph of the market economy.
Author: Peter Luke
Publisher: Taylor & Francis
ISBN: 1136909095
Category : Business & Economics
Languages : en
Pages : 505
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Book Description
Celebrating twenty years of transition from socialism to capitalism, this book is designed to be the core textbook for undergraduate courses in transition economics and comparative economic systems. Given the passage of time, Transition Economics: Two Decades On reviews and accounts for the outcomes in the so-called transition economies and, from an academic perspective, takes the reader through developments and issues in the twenty years of transition from plan to market. Treating its subject matter thematically, the book incorporates much of the transition economics literature and evidence that have evolved over the past two decades. In particular, the authors focus on the most important aspects of economic transition, including: The initial conditions at the outset of transition Paradigms and patterns of transition The main transition policies and economic reforms The performance of transition countries and firms The lessons from transition The textbook covers a wide range of both contemporary microeconomic and macroeconomic issues, in over thirty ex-socialist European and Asian countries, including Russia and China. Transition Economics: Two Decades On is more than just a book about a particular part of the world or the transformation that was experienced at a particular time in history. The authors believe that the study of the economics of transition gives the reader an insight into theories, policies, reforms, legacies, institutions, processes and lessons that have application and relevance, beyond the specific transition from plan to market, to other parts of the world and to other times in history.
Author: Grzegorz W. Kołodko
Publisher: Nova Publishers
ISBN: 9781600210457
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
An answer for the economist is a question for a policy maker. Most economists are confronted daily with the practical question of how the world is organised and how the global economy performs? When economists conclude they can grasp certain aspects scientifically, they offer an answer, which becomes, in turn, a question to the policy makers, keen on changing the world for the better. The unique approach presented in the book is the combination of the theoretical considerations with the policy viewpoint analysis, due to the author's own experience with policy-making as deputy premier and finance minister of Poland (twice and very successful as an architect of Polish reforms). Another important feature is a vast, yet comprehensive and deep discussion of the interactions between technology change and society and the economy both, in the world economy and in emerging markets, especially the post-communist ones. Of great importance for sustained development are the institutions. They are not only created and built, but also need to be learnt. Not only theoretical arguments, but also the practical experience demonstrates that faster economic growth is attained by those countries which take greater care to foster the institutional reinforcement of market economy and civic society. Yet progress in market-economy institution building is not in itself sufficient to ensure durable and fast growth. Another indispensable component is an appropriately designed and implemented economic policy, which must not confuse the means with the aims.
Author: Dagmar Cagáňová
Publisher: Academic Conferences Limited
ISBN: 1909507202
Category : Business & Economics
Languages : en
Pages : 445
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Book Description
Author: Mitchell Alexander Orenstein
Publisher: University of Michigan Press
ISBN: 9780472067466
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
A comprehensive parallel study of two critical East-Central European transition economies
Author: Merritt B. Fox
Publisher: Princeton University Press
ISBN: 0691229295
Category : Law
Languages : en
Pages : 434
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Book Description
Corporate Governance Lessons from Transition Economy Reforms explores a timely topic at the intersection of economics, law, and policy reform. To date, most sophisticated theoretical work on corporate governance has focused on advanced market economies. In post-socialist countries, corporate finance and transition economics scholars have often done little more than convey the received theory to transition policymakers. This volume focuses, for the first time, on the reverse concern: what, if anything, do the reform experiences of transition countries teach about corporate governance theory more generally? To investigate this question, Merritt Fox and Michael Heller have assembled a stellar group of corporate governance theorists. The answers are startling. The principal essays approach the problem from three complementary perspectives that form the organizing themes of the book. The first part refines core corporate theory terms. The second presents important empirical work that explores the channels through which "good corporate governance" may link to the real economy. The final part links corporate governance theory to practical reforms. After fifteen years of experience, practice can now inform theory. Together, these essays present a comprehensive new view on a provocative theme. Written in an accessible style, they will be of interest to a broad range of scholars, commentators, and policymakers.
![Globalization [2 volumes] PDF](https://books.google.com/books/content/images/frontcover/oETPEAAAQBAJ?fife=w80-h100)
Author: Ashish Vaidya
Publisher: Bloomsbury Publishing USA
ISBN: 1576078272
Category : Political Science
Languages : en
Pages : 981
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Book Description
This work is a comprehensive collection of cutting-edge scholarship on the economic, international business, political, legal, and environmental ramifications of globalization—one of the hottest topics of the day. International trade is as old as nations. During the last five decades, however, advances in technology and transportation have changed the scope and method of international trade. Disputes rage about the effects of these changes; advocates for different positions offer argument, but little factual or theoretical analysis. Globalization offers all the information readers need to sort out the arguments. Written with the highest degree of scholarship, intended for college students or working professionals, the encyclopedia provides both introductory material to broad economic, legal, political, and environmental theory, and in-depth analysis of how theory interacts with practice in the framework of global trade. A trader in New York can, in a matter of seconds, execute a billion-dollar currency transaction in Hong Kong. What does this transaction mean to New Yorkers, to residents of Hong Kong, and to the rest of the world? This book gives readers the tools to answer those questions.
Author: Dipak Dasgupta
Publisher: Routledge
ISBN: 113513474X
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
The last decade has seen a massive increase in international capital flows to emerging markets. This development has offered opportunities to those countries that have opened themselves up to overseas capital, but it has also created risks. In this volume, a team of policymakers and academics from 14 different countries, as well as representatives of the international financial institutions primarily responsible for responding to the crises, examine the challenges and options facing policymakers today. The book includes both detailed analysis of individual economies from around the world and in-depth analysis of the broad systemic issues of why crises occur and how we can prevent them. By looking at economies from many different parts of the world, the book provides a broad and comprehensive look at the similarities and differences in recent financial crises.
