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Author : Marek D?browski
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4./5 ( download)
Download or read book Different Strategies of Transition to a Market Economy written by Marek D?browski and published by World Bank Publications. This book was released on 1996 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Libor Žídek
Publisher :
ISBN 13 : 9781138614383
Total Pages : 0 pages
Book Rating : 4.6/5 (143 download)
Download or read book Centrally Planned Economies written by Libor Žídek and published by . This book was released on 2019-05-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the centrally-planned economy of communist Czechoslovakia. One of the book's key questions is: Why did centrally-planned economies lag behind the developed economies? This book makes a major contribution to the discussion on central planning, as no similar recent publication on the topic exists.
Author : Richard W. T. Pomfret
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.F/5 ( download)
Download or read book Constructing a Market Economy written by Richard W. T. Pomfret and published by Edward Elgar Publishing. This book was released on 2002 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering a cross-comparative study of the transition regimes of the countries formerly characterized by Soviet central planning, Pomfret (economics, U. of Adelaide) argues that the imposition of the Washington consensus has been a qualified success across the board. A major theme of the work is whether economists were able to accurately predict the economic behavior and results of the transition economies and whether they were able to learn from discrepancies. His analysis of this is surprisingly positive, although the arguments for the immediate benefits of mass privatization are noted to be deficient (in hindsight for Pomfret). Annotation copyrighted by Book News, Inc., Portland, OR
Author : Jacob A. Frenkel
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (129 download)
Download or read book From Centrally-Planned to Market Economies written by Jacob A. Frenkel and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this phase the economy is referred to as a quot;previously centrally-planned econonyquot; (PCPE). A simple model is developed to analyze the consequences of expected price liberalization. The CPEs undergoing transformation lack depth and breadth of financial markets. The analysis illustrates the benefits from an early development of such markets. It demonstrates the cost of a fine-tuning strategy and the benefits from a quick implementation of price reform. The paper also examines means to reduce quot;liquidity overhang,quot; and shows that they involve taxation of one form or another. The consequences of privatization are analyzed and the benefits from an early development of an effective tax system highlighted.
Author : Guillermo Calvo
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)
Download or read book From Centrally-Planned to Market Economies written by Guillermo Calvo and published by International Monetary Fund. This book was released on 1991-02 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this phase the economy is referred to as a “previously centrally-planned economy” (PCPE). A simple model is developed to analyze the consequences of expected price liberalization. The CPEs undergoing transformation lack depth and breadth of financial markets. The analysis illustrates the benefits from an early development of such markets. It demonstrates the cost of a fine-tuning strategy and the benefits from a quick implementation of price reform. The paper also examines means to reduce “liquidity overhang,” and shows that they involve taxation of one form or another. The consequences of privatization are analyzed and the benefits from an early development of an effective tax system highlighted.
Author : H.J. Blommestein
Publisher : Springer Science & Business Media
ISBN 13 : 9401583668
Total Pages : 326 pages
Book Rating : 4.4/5 (15 download)
Download or read book Government and Markets written by H.J. Blommestein and published by Springer Science & Business Media. This book was released on 2013-04-18 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Government and Markets is the first book to tackle systematically and in a multidisciplinary fashion the role of democratic governments during and after the transition from plan to market. The role of governments during the transformation is important for eliminating the obstacles and putting into place the conditions for the emergence of a viable market economy. Moreover, governments need to play a key role in establishing a political-legal order that promotes political liberties and economic freedom. In contrast to other literature on the transformation process in formerly planned systems, this volume focuses also on the creation of autonomous and accountable governments as part of the liberal economic order. Finally, the volume analyzes the role of the legal state in creating a competitive market economy. Government and Markets addresses itself to scholars, politicians policy makers interested in the establishment of a democratic, competitive order in formerly planned political economic systems.
Author : Mr.Andrew T. Hook
Publisher : International Monetary Fund
ISBN 13 : 1451851766
Total Pages : 50 pages
Book Rating : 4.4/5 (518 download)
Download or read book Managing Payment System Risk During the Transition From a Centrally Planned to a Market Economy written by Mr.Andrew T. Hook and published by International Monetary Fund. This book was released on 1992-11-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objectives and functions of payments systems in centrally planned economies are described and analyzed. These are compared to those of payments systems in market economies and to the characteristics of an ideal payments system. The dominant role of the state in the centrally planned economies meant that the state underwrote virtually all payments risk. With the withdrawal of the state, however, participants became exposed to credit, liquidity, and operational risks. In the transition, the central bank has a key role to play in payments systems. Areas where rapid improvements are possible are: accounting, clearing, settlement, netting and standardization.
Author : Mr.Eduardo Borensztein
Publisher : International Monetary Fund
ISBN 13 : 1451971877
Total Pages : 25 pages
Book Rating : 4.4/5 (519 download)
Download or read book The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 1993-03-01 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes some of the lessons that can be drawn from the experience of Eastern Europe in the process of transition to a market economy that is under way, and examines some key challenges currently facing policymakers in these economies. The paper studies the constraints affecting the general strategy of reform--rapid versus gradual--that was adopted, and the output decline initially experienced and its effect on medium-term growth perspectives. The paper also discusses the implementation of mass privatization schemes, and the type and extent of government intervention in the restructuring process. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the authors) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund.
Author : Pradumna Bickram Rana
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.F/5 ( download)
Download or read book From Centrally Planned to Market Economies written by Pradumna Bickram Rana and published by . This book was released on 1995 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Disenchantment with the socialist economic model, coupled with the breakdown of the former Soviet economic bloc, has led to reforms in the transitional economies of Asia. This three-volume book work is a study of economic reforms in the People's Republic of China, the Lao People's Democratic Republic, Mongolia, Myanmar, and Vietnam. It examines economic performance in these countries, including prior reforms and institutional changes, recent economic reforms and the historical and economic forces leading to these transitions, and current economic conditions, including constraints and policy changes. Volume One discusses taxation, money and credit, gradual versus rapid liberalization in socialist foreign trade, agricultural and price reforms, industrial enterprise reform, and financial reforms in these transitional economies. Volume Two examines the People's Republic of China and Mongolia in greater depth. Volume Three completes the series with explorations of the Lao People's Democratic Republic, Myanmar, and Vietnam.
Author : Mr.Jacob A. Frenkel
Publisher : International Monetary Fund
ISBN 13 : 1451848722
Total Pages : 19 pages
Book Rating : 4.4/5 (518 download)
Download or read book Obstacles to Transforming Centrally-Planned Economies written by Mr.Jacob A. Frenkel and published by International Monetary Fund. This book was released on 1991-07-01 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. The obstacles identified relate to (i) anticipatory dynamics, (ii) monetary overhang and the budget, and (iii) underdeveloped credit markets. It is demonstrated that these obstacles inhibit the effectiveness of price reform, monetary and credit policies, and trade liberalization. The analysis focuses on various ways to remove the obstacles. In this regard, a special examination is made of the implications of “cleaning” the balance sheets of enterprises and banks from nonperforming loans, as well as ways to enhance credibility. The paper concludes with a brief discussion of sequencing, “safety nets,” and their associated obstacles.
Author : Agnieszka Paczyńska
Publisher : Penn State Press
ISBN 13 : 027106269X
Total Pages : 294 pages
Book Rating : 4.2/5 (71 download)
Download or read book State, Labor, and the Transition to a Market Economy written by Agnieszka Paczyńska and published by Penn State Press. This book was released on 2015-06-19 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to mounting debt crises and macroeconomic instability in the 1980s, many countries in the developing world adopted neoliberal policies promoting the unfettered play of market forces and deregulation of the economy and attempted large-scale structural adjustment, including the privatization of public-sector industries. How much influence did various societal groups have on this transition to a market economy, and what explains the variances in interest-group influence across countries? In this book, Agnieszka Paczyńska explores these questions by studying the role of organized labor in the transition process in four countries in different regions—the Czech Republic and Poland in eastern Europe, Egypt in the Middle East, and Mexico in Latin America. In Egypt and Poland, she shows, labor had substantial influence on the process, whereas in the Czech Republic and Mexico it did not. Her explanation highlights the complex relationship between institutional structures and the “critical junctures” provided by economic crises, revealing that the ability of groups like organized labor to wield influence on reform efforts depends to a great extent on not only their current resources (such as financial autonomy and legal prerogatives) but also the historical legacies of their past ties to the state. This new edition features an epilogue that analyzes the role of organized labor uprisings in 2011, the protests in Egypt, the overthrow of Mubarak, and the post-Mubarak regime.
Author : Alan Smith
Publisher : Brookings Institution Press
ISBN 13 : 0815714270
Total Pages : 284 pages
Book Rating : 4.8/5 (157 download)
Download or read book Challenges for Russian Economic Reform written by Alan Smith and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition to a market economy proves to be far more difficult in Russia than in the former centrally planned economies of eastern Europe. The Russian economy continues to face serious problems, including substantial inflationary pressures, falling output, and capital flight. The most positive aspect of the transition has been the relatively fast pace of privatization. Challenges for Russian Economic Reform contains papers published by the post-Soviet Business Forum at the Royal Institute of International Affairs that have been revised for this volume. The contributers, specalists in Russian economic affairs, examine the principal economic and institutional factors that have hindered transformation in Russia. The sheer size of the country has complicated the problem of exposing domestic producers to foreign competition and has weakened the ability of central authorities to control the regions. Economic stabilization has been hampered by the difficulties in establishing sound economic relations with the former Soviet republics. David Dyker and Michael Barrow analyze the problems of monopoly and competition policy in Russia. Philip Hanson assesses the obstacles to economic stabilization posed by regional economic interests and examines regional diversity in reform implementation. Michael Kaser examines the problems of privatization by regions and sectors in Russia and the CIS and the institutional obstacles encountered by foreign investors. Alan Smith explores the problems created by the breakup of traditional trade and payment relations with the non-Russian republics of the former Soviet Union and bilateral trade links with Eastern Europe. He also provides an overall assessment of Russian economic performance since the collapse of communism.
Author : Pawel H. Dembinski
Publisher :
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)
Download or read book The Logic of the Planned Economy written by Pawel H. Dembinski and published by . This book was released on 1991 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book examines and seeks to explain the inner contradictions of centrally planned economies and shows how the seeds of their collapse had existed within the system from the very start. The author shows how the orthodox ideological principles of the system rendered it inflexible and incapable of reform and thus unable to transform itself into an efficient modern economy. Though the system as such has ceased to exist, it is as yet only the rules that have disappeared--the system's components continue to exist and, the author argues, a proper understanding of the origins and previous functions of each component is necessary if it is to be integrated into the new system.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 297 pages
Book Rating : 4.:/5 (661 download)
Download or read book Planned Economy written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2023-12-25 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Planned Economy A planned economy is a form of economic system in which the distribution of goods and services, as well as the investment, production, and allocation of capital assets, are carried out in accordance with economic plans that are either applicable to the entire economy or are restricted to a specific category of products and services. Different types of economic planning, such as centralized, decentralized, participative, or Soviet-style planning, may be utilized in a planned economy. Depending on the particular kind of planning mechanism that is utilized, the degree of centralization or decentralization that is present in decision-making and involvement should be determined. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Planned economy Chapter 2: Economic calculation problem Chapter 3: Socialism Chapter 4: Mixed economy Chapter 5: Participatory economics Chapter 6: Economic system Chapter 7: Robin Hahnel Chapter 8: Lange model Chapter 9: Pat Devine Chapter 10: Economic planning Chapter 11: Production for use Chapter 12: Facilitation board Chapter 13: Authoritarian socialism Chapter 14: Democratic socialism Chapter 15: State socialism Chapter 16: Social ownership Chapter 17: Soviet-type economic planning Chapter 18: Market socialism Chapter 19: Socialist economics Chapter 20: Socialist calculation debate Chapter 21: Towards a New Socialism (II) Answering the public top questions about planned economy. (III) Real world examples for the usage of planned economy in many fields. (IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of planned economy. (eBook only). Who will benefit Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of planned economy.
Author : Richard Quandt
Publisher : Routledge
ISBN 13 : 1000308375
Total Pages : 332 pages
Book Rating : 4.0/5 (3 download)
Download or read book Optimal Decisions In Markets And Planned Economies written by Richard Quandt and published by Routledge. This book was released on 2019-09-03 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much research into the economics of socialist planned economies has emphasized macroeconomic issues central to setting and meeting macroeconomic goals, and research on the theory of the firm in capitalist economies is not generally relevant to socialist economies. In this volume, leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies.
Author : Barry P. Bosworth
Publisher : Brookings Institution Press
ISBN 13 : 9780815791317
Total Pages : 228 pages
Book Rating : 4.7/5 (913 download)
Download or read book Reforming Planned Economies in an Integrating World Economy written by Barry P. Bosworth and published by Brookings Institution Press. This book was released on 2000-07-26 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The still chaotic states of the former Soviet Union, a growing China, and the divergent nations of Eastern Europe are striving to radically transform their economies. In their quest to become more integrated with the global economy, they are making historic changes to move toward market-based, private-enterprise systems. In this book, Barry P. Bosworth and Gur Ofer provide a balanced assessment of the progress of integration among the formerly centrally planned economies. So far, the results of the reform process range from amazing success in China to economic and political disarray in the states of the former Soviet Union. The authors outline the key issues that any successful reform program must address and the sequence in which these reforms should take place. A volume of Brookings' Integrating National Economies Series
Author : Li Tan
Publisher : Palgrave Macmillan
ISBN 13 : 9781403949547
Total Pages : 176 pages
Book Rating : 4.9/5 (495 download)
Download or read book The Paradox of Catching Up written by Li Tan and published by Palgrave Macmillan. This book was released on 2006-03-17 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The phenomenon of state-led development has been persistent throughout modern history and remains significant today. Latecomers in the world's development, from Russia in the 19th century to contemporary China, persistently resorted to the state as a developmental instrument in economic catch-up. Why did relatively 'backward'economies tend to take the state-led approach rather than following the free market model? Why did those latecomers that used the state as the main coordinator and had the bureaucratic capacity to do so modernize faster than other 'backward' economies? Finally, do the successful state-led developers have the potentials to take the lead in world's developments? Or under what conditions could they do so? These are the questions the book intends to answer. This book looks into the state-led development in the post-war period, offering a new perspective for interpreting the choice of the state-led approach by latecomers and the consequences of such choices.
