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    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
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Industrial Policy in Eastern Europe: Governing the Transition

Industrial Policy in Eastern Europe: Governing the Transition

Van Brabant, J. M.

Paperback

Series: International Studies in Economics and Econometrics, Book 31

Business GeneralEconomics

ISBN10: 940104340X
ISBN13: 9789401043403
Publisher: Springer Pg
Published: Nov 22 2012
Pages: 360
Weight: 1.17
Height: 0.78 Width: 6.14 Depth: 9.21
Language: English
This volume in essence continues my recent contributions towards building up a better understanding of the wide range of obstacles besetting the transitions away from administrative planning in the former communist regimes in the eastern part of Europe. It is self-contained, however. As such, it specifically addresses issues revolving around how best to govern economies, and indeed societies more generally, that are undergoing fundamental structural transfor- mation, and whether industrial policy can facilitate progressing with the vexing transformations that will have to be enacted over a protracted period of time. Because of the bewildering variety of hindrances that the managers of the transition have been confronted with, many of which were not even contem- plated when the programs were first designed, regaining a measure of good governance, including notably good economic governance, is critical in formu- lating a positive pOlitical economy of transition. Arguably most critical is steering the processes of destruction and creation-not 'creative destruction' in the Schumpeterian sense. In some cases, this requires reallocating decom- missioned resources, both capital and labor, to new activities. Changing rules on the utilization of existing assets is evidently at the core of what the transi- tion towards market-based economic systems should be all about Very often, however, this requires establishing new economic activities from domestic and foreign savings.

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