|
Showing 1 - 4 of
4 matches in All Departments
This book assumes transformation of former socialist countries of
Europe to a market economy to be a political concept, having a
start and an end. Transformation is analyzed from the perspective
of the end (EU membership), and not of the inherited burdens from
the socialist system. Additionally, the authors look at the results
of transformation and its ability to improve social standards,
income, and growth.
What will joining the EU mean for the new eastern member states and
their economies? This text offers a detailed study of the
macroeconomic and structural adjustment burden. It envisages a real
currency appreciation stemming from price convergence, capital
inflows and weak structural change. The widespread belief that an
Eastern enlargement of the Union would be overwhelmingly to the
detriment of the present EU (budgetary costs, locational decisions,
trade deficits) is rejected. The authors discuss the lack of
competitiveness of Eastern countries and their need for structural
adjustments (in the financial sector, in agriculture, and in
manufacturing) in order for them to survive and thrive in their new
economic environment.
The contributors to this volume discuss the lack of competitiveness of Eastern countries and their need for structural adjustment. The main issues considered are the problem of price convergence in integrated markets, the positive approach to foreign capital inflows, the problem of the current account deficit and the direction of strucural change. The book consists of a wide range of theoretical approaches--from supply-side to more demand-side orientations.
This book takes a macroeconomic approach to the issue of
transformation from communist economies into market economies. At
the centre of the analysis stands the role of the state and the
definition within a dramatically changing environment. Particular
emphasis is given to the emerging role of money and the financial
sector.
|
You may like...
Hampstead
Diane Keaton, Brendan Gleeson, …
DVD
R66
Discovery Miles 660
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.