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Adjustment, Structural Change, and Economic Efficiency

Adjustment, Structural Change, and Economic Efficiency

Hardcover

Series: Cambridge Russian, Soviet and Post-Soviet Studies, Book 58

EconomicsInvesting & Finance

ISBN10: 0521334551
ISBN13: 9780521334556
Publisher: Cambridge University Press
Published: Dec 25 1987
Pages: 502
Weight: 1.72
Height: 1.25 Width: 5.50 Depth: 8.50
Language: English
This book examines the instruments for decision coordination within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). In light of the forcedeconomic adjustments of the early 1980s, Jozef van Brabant offers this study of the centrally planned economies and the inadequacy of their coordination mechanisms. He proposes that a resumption of faster growth depends largely upon increasing the pace of factor productivity growth--something that can only be achieved through structural change and a reform of the economic mechanism.

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Brabant, Jozef M. Van

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Investing & Finance