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Crisis, Stabilization and Growth - Economic Adjustment in Transition Economies (Hardcover, 2001 ed.)
Loot Price: R3,262
Discovery Miles 32 620
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Crisis, Stabilization and Growth - Economic Adjustment in Transition Economies (Hardcover, 2001 ed.)
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Total price: R3,282
Discovery Miles: 32 820
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The break-up of the Soviet Union in 1991, following closely on the
adoptionofmarket-orientedreformsinEastern Europe, createdanew
specialty within economics. The
economicsoftransitionencompassesphenomenaand problems fromboth
microeconomicsandmacroeconomics, aseconomistsfrom all disciplines
have labored to understand the economic forces at work in the
movement fromplanning tomarket in these countries. Muchhas been
learned in the subsequent decade, but as the poor macroeconomic
record of the economies attests, much remains to be done. In my
view, our progress in understanding transition has been much more
pronounced on the microeconomic questions - enterprise
privatization, price liberalization, and more competitive
industrial organization- than it has been on the more macroeconomic
issues. I find that it is revealing to consider the latter issues
through the optic ofthe saving decisions within the transition
economies. This volume is designed to shed light on the
difficulties in achievingdesirable macroeconomic performance in an
economysaddled with the legacies ofthe Soviet Union. There are
three groupsofpotentialreaders for abookon theeconomics of the
transition economies, and I believe that this volume has something
to offer each. *Non-specialists with an interest inlearningmore
about the economic development ofthese countries will find a wealth
ofdescriptive information about these economies. * Economic
specialists and policy analysts ofthe region will find the
saving-driven analysis ofthe data to be an illuminating optic on
the evolution ofthe financial sector, output and inflation in these
countries. * Academics and scientific researchers will find that
the analysis is buttressed with arigoroftheoretical and econometric
technique referenced or reported in the text.
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