Economic Transition in Hungary and - E-book

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Economic Transition In Hungary And East Germany - ENG

Gradualism, Shock Therapy And Catch-up Development

J. Stephan

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Sinopsis

ISBN:	9780230596580
Formato:	Page Fidelity
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Negocios y economía
Subtema:	Internacional general
Año de publicación:	1999-02-08

What factors determine the success of economic transition, development and growth? Examining the contrast between East German shock-therapy and Hungarys gradualism, the book generates a set of generalisable conditions for economic development which imply some degree of state intervention and strategy. A stability-oriented incomes policy and a carefully managed integration strategy can enable sustainable export surpluses, a competitive currency and macroeconomic stability, whilst providing sufficient room for economic restructuring, structural transformation and technological catch-up. The dangers of premature integration are examined.

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