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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Economic Transition in Hungary and East Germany: Gradualism, Shock Therapy and Catch-Up Development

Economic Transition in Hungary and East Germany: Gradualism, Shock Therapy and Catch-Up Development

Stephan, J.

Hardcover

Series: Studies in Economic Transition

EconomicsGeneral Political Science

ISBN10: 0333751434
ISBN13: 9780333751435
Publisher: Springer Nature
Published: Feb 8 1999
Pages: 293
Weight: 1.20
Height: 0.81 Width: 5.50 Depth: 8.50
Language: English
What factors determine the success of economic transition, development and growth? Examining the contrast between East German shock-therapy and Hungary's 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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