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Author : Stanislaw Gomulka
Publisher :
ISBN 13 : 9788386296064
Total Pages : 20 pages
Book Rating : 4.2/5 (96 download)
Download or read book The Puzzles of Fairly Fast Growth and Rapid Collapse Under Socialism written by Stanislaw Gomulka and published by . This book was released on 1994 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stanislaw Gomulka
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Puzzles of Fairly Fast Growth and Rapid Collapse Under Socialism written by Stanislaw Gomulka and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The national statistics and international comparisons based on purchasing power parities suggest that the Former Soviet Union (FSU) in the years 1925-75 and Central and Eastern Europe in the years 1945-80 experienced economic growth comparable to that of many market-based economies of similar levels of development. This must be considered a puzzle given the incentive problems, the absence of proper prices, limited competition and resistance to innovation in economies dominated by a state sector. However, this fairly fast growth came suddenly to a halt in the 1980s. This phase of stagnation and limited reform is now followed not by a recovery, but by a phase of surprisingly deep collapse, indeed in some countries a near disintegration. The paper discusses the three phases with the intention of establishing relationships between them and, in this way, of providing a better understanding of each of the two puzzles.The analysis of development is conducted in terms of standard models of international technology transfer, capital accumulation and catching up. This analysis is informed by the consideration of the distinct characteristics of development under socialism. These characteristics relate in part to preferences of the central authorities, embodied in the so-called communist strategy of industrialization, and in part to the implications for innovation and development of the socialist economic system. The standard view of the socialist development was that the short-term interests were sacrificed for the benefit of future generations. The paper aruges that this was true only in the initial phase of development. In the later phase the authorities had switched to an opposite policy, one of sustaining a reasonable pace of improvement for the current generation under an inefficient system at the expense of future generations. The collapse phase came with the exhaustion of the growth reserves offered by the policy. The intergeneration terms of exchange have switched once more, again to work against the interests of the current generation. The paper also discusses the particular causes of the collapse and the prospects of a revival after the transition to a market-based system is advanced.
Author : Bon Ho Koo
Publisher : Springer
ISBN 13 : 1349135127
Total Pages : 364 pages
Book Rating : 4.3/5 (491 download)
Download or read book Social Capability and Long-Term Economic Growth written by Bon Ho Koo and published by Springer. This book was released on 2016-07-27 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: What accounts for the varying long term growth patterns across developing countries? Why were some economies able to achieve sustained and rapid growth in the past three decades, while others failed? In Social Capability and Long-Term Economic Growth, an impressive panel of economists come together to develop a theory of long-term growth, focusing on the dynamic relationship between the social capability to manage scarce resources and long-term growth. Various theoretical issues concerning social capability are explored, and in-depth case-studies of the development experiences of Asian, Latin American, and socialist economies are presented with significant empirical findings. The authors argue that a nation's social capability to efficiently manage human resources is a crucial ingredient for sustaining growth. This study is a serious response to the important question of how a poor developing country can transform itself into a developed one, and its findings offer valuable insight to the development of a long-term growth theory and to economic development policies.
Author : Paul G. Hare
Publisher : Psychology Press
ISBN 13 : 9780415124348
Total Pages : 506 pages
Book Rating : 4.1/5 (243 download)
Download or read book The Transition to the Market Economy written by Paul G. Hare and published by Psychology Press. This book was released on 1997 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of articles examines the development of one of the most significant economic transformations ever undertaken covering a wide range of countries and economic sectors
Author : Stanisław Gomułka
Publisher : Wydawnictwo Naukowe Scholar
ISBN 13 : 8367450116
Total Pages : 436 pages
Book Rating : 4.3/5 (674 download)
Download or read book Global Long-term Economic Growth and the Economic Transformation of Poland and Eastern Europe written by Stanisław Gomułka and published by Wydawnictwo Naukowe Scholar. This book was released on with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the characteristic facts concerning the “catching-up countries” is the exceptionally large variation in their per capita annual rate of growth, from about zero to about 10%. The papers published in this monograph show that this rate is strongly dependent on the rate of investment, the quality of the labour force and the quality of institutions. The rate of investment is, in turn, dependent on the rate of domestic savings. In Poland, domestic savings are shown to have been and continue to be very low by international standards. The trend rate of growth of about 3.7% has been about 2 pp. higher than that of the most developed economies, mainly thanks to the development of modern market institutions and a new private sector, and partly thanks to foreign direct investments and a significant inflow of finance from the European Union (EU). The data also show that by far the least successful transformation in Eastern Europe has taken place in Ukraine. (Author’s Introduction) *** Our discussion is limited to the Technology Frontier Area (TFA) of the world. The central question is how the area’s innovation rate changes over time in the course of centuries. The analysis indicates that the pattern of change of the innovation rate over time may be eventually hat-shaped. This Hate-Shape Relationship is an empirical law that is given a theoretical interpretation. It is in part a prediction based on the author’s model of innovation and growth. Its acceleration and steady growth segments correspond well to the past reality. Its slowdown part is the central thesis of the book.
Author : Shiping Tang
Publisher : Princeton University Press
ISBN 13 : 0691235570
Total Pages : 328 pages
Book Rating : 4.6/5 (912 download)
Download or read book The Institutional Foundation of Economic Development written by Shiping Tang and published by Princeton University Press. This book was released on 2022-09-06 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systemic account of how institutions shape economic development Institutions matter for economic development. Yet despite this accepted wisdom, new institutional economics (NIE) has yet to provide a comprehensive look at what constitutes the institutional foundation of economic development (IFED). Bringing together findings from a range a fields, from development economics and development studies to political science and sociology, The Institutional Foundation of Economic Development explores the precise mechanisms through which institutions affect growth. Shiping Tang contends that institutions shape economic development through four “Big Things”: possibility, incentive, capability, and opportunity. From this perspective, IFED has six major dimensions: political hierarchy, property rights, social mobility, redistribution, innovation protection, and equal opportunity. Tang further argues that IFED is only one pillar within the New Development Triangle (NDT): sustained economic development also requires strong state capacity and sound socioeconomic policies. Arguing for an evolutionary approach tied to a country’s stage of development, The Institutional Foundation of Economic Development advances an understanding of institutions and economic development through a holistic, interdisciplinary lens.
Author : Christopher Saunders
Publisher : Springer
ISBN 13 : 1349136425
Total Pages : 528 pages
Book Rating : 4.3/5 (491 download)
Download or read book Eastern Europe in Crisis and the Way Out written by Christopher Saunders and published by Springer. This book was released on 2016-07-27 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume practitioners and theorists from East and West assess the results of four years of transformation in Eastern Europe. In a general assessment of the stabilisation policies pursued, some authors take a critical view of the 'conventional' monetary and fiscal restrictive programmes which have helped to bring down inflation and to introduce elements of the market economy, but have also left the economies concerned with heavily reduced output and real incomes. An evolutionary strategy of structural transformation, and demand management should play a primary role in recovery from the 'transformational recession'. Further issues discussed are the reform of the financial sector; liberalisation of foreign trade; privatisation and restructuring; and the social aspects of transformation.
Author : János Kornai
Publisher : MIT Press
ISBN 13 : 9780262111980
Total Pages : 276 pages
Book Rating : 4.1/5 (119 download)
Download or read book Highway and Byways written by János Kornai and published by MIT Press. This book was released on 1995 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hungarian economist Janos Kornai first used the metaphor of a single path to postsocialist transition in his earlier book, The Road to a Free Economy. The new metaphor that frames this collection of eight recent studies reflects a broader perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses? Kornai draws from his experiences of Hungarian reform as well as from countries of the former Soviet Union to make several major points. The first three studies describe what went wrong in countries that tried to mix elements of planned and market economies. Efforts made by communist countries to introduce market socialism (the "middle road") contained an inherent contradiction between the logic of socialism and the logic of a free enterprise system, and were doomed to failure. In the studies that follow, Kornai analyzes the on-going dilemmas. The transition from communism to free enterprise is filled with daunting hurdles; it requires no less than redefining ownership, changing values concerning the distribution of wealth, transferring the control of political power, creating financial institutions and enforcing financial discipline, and making deep economic sacrifice. Kornai closes with an overall survey of postsocialist transition, describing the stages that countries tend to go through, that will be particularly useful to scholars of comparative economic systems.
Author : Seiichi Masuyama
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9812301062
Total Pages : 347 pages
Book Rating : 4.8/5 (123 download)
Download or read book Restoring East Asia's Dynamism written by Seiichi Masuyama and published by Institute of Southeast Asian Studies. This book was released on 2000 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume addresses issues that are critical to defining a new paradigm for East Asian economic growth. Specifically, the authors examine the strategies adopted in coping with the crisis; policy responses to rectify weaknesses that might have induced or aggravated the crisis; and structural problems to be resolved in order to bring East Asian economies back firmly to a path of long-term growth.
Author : World Bank
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (5 download)
Download or read book World Bank Research Program written by World Bank and published by . This book was released on 1996 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pál Gáspár
Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)
Download or read book Macroeconomic Issues of Recovery in Transition Economies written by Pál Gáspár and published by . This book was released on 1997 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this compilation of thirteen papers from a June 1995 conference held in Budapest, specialists evaluate fiscal and monetary developments in contemporary Central and Eastern Europe (excluding the former USSR), which have served as microeconomic barriers to economic recovery. Analyses center on broad issues of transition economics, as well as specific case studies of the Hungarian, Czech, Austrian, Polish, and Slovenian experiences. No index. Distributed by ISBS. Annotation copyrighted by Book News, Inc., Portland, OR
Author : Tomasz Mickiewicz and Anna Zalewska
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.L/5 ( download)
Download or read book Deindustrialisation. Lessons from the Structurral Outcomes of Post-Communist Transition written by Tomasz Mickiewicz and Anna Zalewska and published by . This book was released on 2002 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.3/5 (91 download)
Download or read book Chung-hua Series of Lectures by Invited Eminent Economists written by and published by . This book was released on 1994 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tomasz Mickiewicz and Anna Zalewska
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.L/5 ( download)
Download or read book Deindustrialisation and Structural Change during the Post-communist transition.Working Paper Number 383.June 2001 written by Tomasz Mickiewicz and Anna Zalewska and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Thomas H. Henriksen
Publisher : Hoover Inst Press Publication
ISBN 13 : 9780817994624
Total Pages : 214 pages
Book Rating : 4.9/5 (946 download)
Download or read book North Korea After Kim Il Sung written by Thomas H. Henriksen and published by Hoover Inst Press Publication. This book was released on 1997 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: A distinguished group of international scholars debates the state of change or continuity in North Korea's post-Kim II Sung regime shedding light on one of the world's most closed societies, its potential to adapt to post-cold war realities, and the prospects for a peaceful and stable Korean peninsula.
Author : London School of Economics and Political Science. Centre for Economic Performance
Publisher :
ISBN 13 :
Total Pages : 178 pages
Book Rating : 4.E/5 ( download)
Download or read book Mid-term Review written by London School of Economics and Political Science. Centre for Economic Performance and published by . This book was released on 1994 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : World Bank
Publisher : Washington, D.C. : World Bank
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.F/5 ( download)
Download or read book Ukraine written by World Bank and published by Washington, D.C. : World Bank. This book was released on 1993 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This report lays out a strategy for Ukraine to make the transition to a market economy in the social sectors, taking into account the widespread system of benefits and the high spending on education and health inherited from the former Soviet Union. A central part of this strategy is the need to protect vulnerable groups during the transition, but within a financially sustainable framework. After a description of social conditions and social protection, the report considers the shift of the labor force from a command to a market economy. It then examines the advantages of converting the current system of social protection to a poverty-focused, sustainable safety net approach, including support for labor-force resassignment. It explores opportunities for enhancing the efficiency and quality of social service, education, and health programs. Key elements of these programs must be maintained through the transition as part of a safety net and as a cornerstone of policies encouraging economic growth investments in human capital.
