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Books > Business & Economics > Industry & industrial studies
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The Emergence and Evolution of Markets (Hardcover)
Loot Price: R3,395
Discovery Miles 33 950
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The Emergence and Evolution of Markets (Hardcover)
Series: European Association for Comparative Economic Studies series
Expected to ship within 12 - 19 working days
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The Emergence and Evolution of Markets examines the development of
markets based on empirical examples from Western economies and from
the post-socialist economies of Eastern Europe. It provides an
historical dimension to the present problems of transition. The
Emergence and Evolution of Markets clearly demonstrates that
liberalization, privatization and changes to formal institutions
are not in themselves sufficient to create a successful market
economy. In the first part, there is an analysis of general aspects
of economic theory with regard to market evolution and an
historical assessment of the development of markets. The authors
then examine the experiences of some specific markets, including
the telecommunications and stock markets to draw general
conclusions. In part three they focus on the emerging market
systems in post-socialist countries, particularly Kyrgyzstan and
Bulgaria. In addition, the discussion offers an empirical analysis
of the evolution of capital, currency and agricultural markets,
emphasizing the importance of transaction costs and institutions in
the development of these markets. This major book will prove
invaluable to academics and policymakers interested in the areas of
transition economics, political economy, and policy analysis.
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