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From Command To Market Economy In Hungary Under The Guidance Of The Imf
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Book Synopsis From Command to Market Economy in Hungary Under the Guidance of the IMF by : Pongrác Nagy
Download or read book From Command to Market Economy in Hungary Under the Guidance of the IMF written by Pongrác Nagy and published by Akademiai Kiads. This book was released on 2003 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Hungary decided to change its system from a command to a market economy, it was persuaded by friendly governments and international organizations, including the International Monetary Fund, that this could be best done under the guidance of the IMF, assisted by the World Bank. Inexperienced and trusting governments believed this and did as they were told. As a consequence, monetarism and neo-liberalism, by virtue of the Washington Consensus, were brought to Hungary and became the ruling ideologies of this transition economy that was totally unsuited to them.The consequences were disastrous. A difficult economic situation was transformed into a crisis situation: unprecedented depression with 18.2% decline of gdp; the loss of 3 years of output and 1.5 million jobs; 24% decline in real incomes, 31% decline in the purchasing power of pensions; the pauperization of a large segment of the population; deterioration of external competitive position; emergence of a large public debt; and d
Book Synopsis The Romanian Economic Reform Program by : Mr.Dimitri G. Demekas
Download or read book The Romanian Economic Reform Program written by Mr.Dimitri G. Demekas and published by International Monetary Fund. This book was released on 1991-06-15 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper outlines the main characteristics and the development of the centrally planned economic sysetm in Romania before the beginnings of the transition to a market eonomy it then presents the design, objectives, and implementation of the reform program.
Book Synopsis The Political Economy of Hungary by : Adam Fabry
Download or read book The Political Economy of Hungary written by Adam Fabry and published by Springer. This book was released on 2019-04-03 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the political economy of Hungary from the mid-1970s to the present. Widely considered a ‘poster boy’ of neoliberal transformation in post-communist Eastern Europe until the mid-2000s, Hungary has in recent years developed into a model ‘illiberal’ regime. Constitutional checks-and-balances are non-functioning; the independent media, trade unions, and civil society groups are constantly attacked by the authorities; there is widespread intolerance against minorities and refugees; and the governing FIDESZ party, led by Prime Minister Viktor Orbán, controls all public institutions and increasingly large parts of the country’s economy. To make sense of the politico-economical roller coaster that Hungary has experienced in the last four decades, Fabry employs a Marxian political economy approach, emphasising competitive accumulation, class struggle (both between capital and labour, as well as different ‘fractions of capital’), and uneven and combined development. The author analyses the neoliberal transformation of the Hungarian political economy and argues that the drift to authoritarianism under the Orbán regime cannot be explained as a case of Hungarian exceptionalism, but rather represents an outcome of the inherent contradictions of the variety of neoliberalism that emerged in Hungary after 1989.
Book Synopsis Monetary and Exchange System Reforms in China by : Mr.Bernard Laurens
Download or read book Monetary and Exchange System Reforms in China written by Mr.Bernard Laurens and published by International Monetary Fund. This book was released on 1996-09-26 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1978, China embarked on a gradual but far-reaching reform of its economic system. This paper focuses on the achievements so far in reforming the financial sector, the legal framework for financial transactions, the payments system, and the monetary policy and foreign exchange system. It also analyzes the tasks ahead to achieve the goals set in these areas for the year 2000.
Book Synopsis Regional Economic Issues--Special Report 25 Years of Transition by : Mr.James Roaf
Download or read book Regional Economic Issues--Special Report 25 Years of Transition written by Mr.James Roaf and published by International Monetary Fund. This book was released on 2014-10-17 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The past 25 years have seen a dramatic transformation in Europe’s former communist countries, resulting in their reintegration with the global economy, and, in most cases, major improvements in living standards. But the task of building full market economies has been difficult and protracted. Liberalization of trade and prices came quickly, but institutional reforms—such as governance reform, competition policy, privatization and enterprise restructuring—often faced opposition from vested interests. The results of the first years of transition were uneven. All countries suffered high inflation and major recessions as prices were freed and old economic linkages broke down. But the scale of output losses and the time taken for growth to return and inflation to be brought under control varied widely. Initial conditions and external factors played a role, but policies were critical too. Countries that undertook more front-loaded and bold reforms were rewarded with faster recovery and income convergence. Others were more vulnerable to the crises that swept the region in the wake of the 1997 Asia crisis.
Book Synopsis China's Growth and Integration Into the World Economy by : Eswar Prasad
Download or read book China's Growth and Integration Into the World Economy written by Eswar Prasad and published by International Monetary Fund. This book was released on 2004-06-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.
Book Synopsis In Pursuit of Liberalism by : Rachel A. Epstein
Download or read book In Pursuit of Liberalism written by Rachel A. Epstein and published by JHU Press. This book was released on 2008-09-29 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though the fall of the Soviet Union opened the way for states in central and eastern Europe to join the world of market-oriented Western democracies, the expected transitions have not been as easy, common, or smooth as sometimes perceived. Rachel A. Epstein investigates how liberal ideas and practices are embedded in transitioning societies and finds that success or failure depends largely on creating a social context in which incentives held out by international institutions are viewed as symbols of an emerging Western identity in the affected country. Epstein first explains how a liberal worldview and institutions like the European Union, World Bank, the International Monetary Fund, and the North Atlantic Treaty Organization go hand-in-hand and why Western nations assume that a broad and incremental program of incentives to join will encourage formerly authoritarian states to reform their political and economic systems. Using Hungary, Poland, Romania, and the Ukraine as case studies, she demonstrates the limits of conditionality in the face of national social perceptions and elucidates the three key points around which a consensus within the state must emerge before international institutions can expect liberalization: domestic officials must be uncertain about how changing policies will affect their interests; the status of international and domestic institutions must not be in jeopardy; and the proposed polices must seem credible. In making her case, Epstein cleverly bridges the gap between the rationalist and constructivist schools of thought. Offering new data on and fresh interpretations of reforming central bank policies, privatizing banks with foreign capital, democratizing civil-military relations, and denationalizing defense policy, In Pursuit of Liberalism extends well beyond the scope of previous book-length studies.
Book Synopsis Citizenship in an Enlarging Europe by : B. Einhorn
Download or read book Citizenship in an Enlarging Europe written by B. Einhorn and published by Springer. This book was released on 2006-06-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Citizenship in an Enlarging Europe considers the impact of economic, political and social transformation in Central and Eastern Europe in the context of EU enlargement. The author uses the lens of gender to examine the processes of democratization, marketization and nationalism.
Book Synopsis Income, Inequality, and Poverty During the Transition from Planned to Market Economy by : Branko Milanovi?
Download or read book Income, Inequality, and Poverty During the Transition from Planned to Market Economy written by Branko Milanovi? and published by World Bank Publications. This book was released on 1998 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 394. Joint Forest Management (JFM) has emerged as an important intervention in the management of Indias forest resources. This report sets out an analytical method for examining the costs and benefits of JFM arrangements. Two pilot case studies in which the method was used demonstrate interesting outcomes regarding incentives for various groups to participate. The main objective of this study is to develop a better understanding of the incentives for communities to participate in JFM.
Download or read book The War Over Work written by Don Edgar and published by Melbourne Univ. Publishing. This book was released on 2005-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many workers are caught in a spiral of longer hours, growing job insecurity, work stress and family conflict. Many want to spend more time with their family but fear being labelled uncommitted. The War Over Work is a bold and authoritative account of work patterns and the labour market in Australia. As Edgar sees it, the future workplace is a battleground, with struggles between corporate need and private greed, unions and employers, men and women, old and young. The re-election of the Howard Government promises to make these battles even more contested. In this accessible and engaging book Edgar argues that we cannot continue to focus narrowly on 'the work-family balance' as though it can be achieved through simple programs within individual Australian workplaces. The War Over Work provides a blueprint for how we can win the war to get a life that works. Dr Don Edgar is a sociologist and influential public commentator. He was foundation Director (for 14 years) of the Australian Institute of Family Studies. Since then he has directed the innovative New Links Workplace Project and acted as consultant to governments and business on work-family policies and programs. His publications include Men, Mateship, Marriage and The Patchwork Nation: Rethinking Government, Rebuilding Community.
Book Synopsis Historical Dictionary of the IMF by : Norman K. Humphreys
Download or read book Historical Dictionary of the IMF written by Norman K. Humphreys and published by International Monetary Fund. This book was released on 2000-06-28 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF economists work closely with member countries on a variety of issues. Their unique perspective on country experiences and best practices on global macroeconomic issues are often shared in the form of books on diverse topics such as cross-country comparisons, capacity building, macroeconomic policy, financial integration, and globalization.
Book Synopsis Coordinated Portfolio Investment Survey Guide (second edition) by : International Monetary Fund
Download or read book Coordinated Portfolio Investment Survey Guide (second edition) written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-05-10 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the coordinated portfolio investment survey (CPIS) guide. The objectives of CPIS are to collect comprehensive information, with geographical detail on the country of residence of the issuer, on the stock of cross-border equities, long-term bonds and notes, and short-term debt instruments for use in the compilation or improvement of international investment position statistics on portfolio investment capital. This paper discusses the scope and modalities of the CPIS. It also presents key findings of the 1997 CPIS and 2001 CPIS.
Book Synopsis Global Trends 2040 by : National Intelligence Council
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Book Synopsis The International Monetary System by : Rakesh Mohan
Download or read book The International Monetary System written by Rakesh Mohan and published by International Monetary Fund. This book was released on 2013-11-05 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial crises. The renewed focus on the broader role of the central banks, away from narrow price stability monetary policy frameworks, is necessary to ensure domestic macroeconomic and financial stability. Since international monetary cooperation might be difficult, though desirable, central banks in major advanced economies, going forward, need to internalize the implications of their monetary policies for the rest of the global economy to reduce the incidence of financial crises.
Book Synopsis Global Economic Prospects, June 2021 by : World Bank
Download or read book Global Economic Prospects, June 2021 written by World Bank and published by World Bank Publications. This book was released on 2021-08-03 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Book Synopsis The Transition From Command To Market Economies In East-central Europe by : Sandor Richter
Download or read book The Transition From Command To Market Economies In East-central Europe written by Sandor Richter and published by Routledge. This book was released on 2019-09-10 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that the euphoria over political change has died down, the formerly socialist countries of Eastern and Central Europe are facing an economic crisis. The contributors to this well-established annual publication consider the key factors affecting the economic transition process, analyzing possible strategies for successful reform including the use of "shock theory" to accelerate the process. As well as examining various country-specific problems, the authors explore the status of the Central European countries seeking integration with the European Economic Community, and ask whether all the former socialist countries might do well to adopt some of the economic development strategies used so successfully by the nations of Southeast Asia.
Book Synopsis Tax Policy Handbook by : Mr.Parthasarathi Shome
Download or read book Tax Policy Handbook written by Mr.Parthasarathi Shome and published by International Monetary Fund. This book was released on 1995-04-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Edited by Parthasarathi Shome, this Handbook was written primarily for economists who are responsible for analyzing and evaluating economic policies of developing countries at an applied level, and who would benefit from a comprehensive discussion of the concepts, principles, and prevailing issues of taxation.
