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Books > History > History of specific subjects > Economic history
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Transformation of Economy as a Real Process - An Insider's Perspective (Hardcover)
Loot Price: R2,843
Discovery Miles 28 430
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Transformation of Economy as a Real Process - An Insider's Perspective (Hardcover)
Series: Routledge Revivals
Expected to ship within 12 - 19 working days
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First published in 1998, this volume is a contribution to the
economic analysis of post-communist transformation in an
evolutionary-institutionalist approach. The author shows
convincingly the role of path dependency, of the ways history
matters for the success of otherwise sound policies, and highlights
structural hindrances to fast and successful transformation. Thence
emerges the key concept of strain. The book addresses the question
of how to create conditions for sustainable development in
societies where these are lacking, and stresses the importance of
institutional change. It also emphasises the role of sound banking
institutions and proper regulations, the crucial issue of financial
vulnerability and fragility, the role of reputation, means to fight
non-payments, limit to optimal policies, etc. The author covers a
broad international literature and relates it to his insights as a
local observer, which delivers an interesting reading.
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