Economic Transition in Hungary and East Germany
Download or Read eBook Economic Transition in Hungary and East Germany PDF written by J. Stephan and published by Springer. This book was released on 1999-02-08 with total page 302 pages. Available in PDF, EPUB and Kindle.
| Author | : J. Stephan |
| Publisher | : Springer |
| Total Pages | : 302 |
| Release | : 1999-02-08 |
| ISBN-10 | : 9780230596580 |
| ISBN-13 | : 0230596584 |
| Rating | : 4/5 (80 Downloads) |
Book Synopsis Economic Transition in Hungary and East Germany by : J. Stephan
Book excerpt: 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.
