Download or read book Hyperinflation and Stabilization in Postsocialist Economies written by G.W Kolodko and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: One would think states and peoples have had so many bad experiences with inflation that politicians at the helm of these states would do everything within their power to avoid inflation and, in particular, its very intensive shape, i. e. hyperinflation. However, this has not been the case. After the big inflations of the twenties and the post-war inflations of the fourties, we still witness intensive, economically, socially and politically extremely painful inflationary processes. And the eighties will be particularly engraved in history as a period in which the inflation has assumed an exceptionally dynamic character with respect to some countries. This regards, in the first place, Latin America, but not exclusively. Not without reason -as will be of particular intensity has also affected shown in this book -inflation countries which, according to the passed economic doctrine, were supposed to be completely immune from this economic illness. Most generally, the inflation can be assumed to be a uniform phenomenon which, in each case, can be described by a single, universal definition, while being divided into a number of forms and types distinguishable according to their original and secondary sources, their mechanisms, the ways of their manifestation as well as to their effects and the methods of counteracting them.
Download or read book Hyperinflation and Stabilization in Postsocialist Economies written by Grzegorz W. Kołodko and published by . This book was released on 1990 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Struggle and Hope written by János Kornai and published by Edward Elgar Publishing. This book was released on 1997 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hungarian Kornai (economics, Harvard U.) analyzes stabilization and reform in eastern Europe and appeals for solidarity and individual rights. He characterizes the problems of stabilization and adjustment as painful but necessary conditions of sustainable growth, and the reforms of what he calls premature welfare states as disproportionately large in relation to the resources available. He emphasizes the ethical implications and historical roots of the problems and the political conditions and consequences of change. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Social Costs of Transformation to a Market Economy in Post Socialist Countries written by J. Adam and published by Springer. This book was released on 1999-08-18 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals primarily with social costs of transformation to a market economy in Poland, the Czech Republic and Hungary. The transformation provisions have negatively affected the well-being of the population. They brought about unemployment, a phenomenon which did not exist in the previous, communist system, increased income inequities, reduced social programmes and expanded poverty. All these phenomena are examined in this book. In addition, the book discusses the strategy of transformation, privatisation and the economic performance of the three countries.
Download or read book Transformation and Crisis in Central and Eastern Europe written by Bruno Dallago and published by Routledge. This book was released on 2016-05-05 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis has provided an important opportunity to revisit debates about post-socialist transition and the relative success of different reform paths. Post-communist Central and Eastern Europe (CEECs) in particular show resilience in the wake of the international crisis with a diverse range of economic transformations. Transformation and Crisis in Central and Eastern Europe offers an in depth analysis of a diverse range of countries, including Poland, Hungary, Russia, Ukraine, Czech Republic and Slovakia. This volume assesses each country’s institutional transformations, geopolitical policies, and local adaptations that have led them down divergent post-communist paths. Chapters take the reader systematically through the evolution of former communist national economic systems, before ending with lessons and conclusions for the future. Subsequent chapters demonstrate that economic performance crucially depends on achieving a sustainable balance between sound institutional design and policies on one hand, and localization on the other. This new volume from a prestigious group of academics offers a fascinating and timely study which will be of interest to all scholars and policy makers with an interest in European Economics, Russian and East European Studies, Transition Economies, Political Economy and the post-2008 world more generally.
Download or read book Political Economy of New Pragmatism written by Grzegorz W. Kolodko and published by Springer Nature. This book was released on 2022-09-17 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides answers to fundamental questions of sustainable development and international cooperation in light of irreversible globalization. Based on comprehensive research and a wealth of experience from his own political activities, the author offers an insightful analysis of the globalized economy and its political, cultural and ecological context. Presenting an objective assessment, the author diagnoses the state of affairs and formulates recipes to overcome present day challenges, such as income inequalities, climate change, demographic imbalance and the new Cold War, which overlap with the “black trinity”: populism, nationalism and authoritarianism. "Grzegorz Kolodko is one of the most acute observers of the international economy, based on long experience both as a practitioner and as an academic. His writings are always an important starting point for debate and discussion about the political economy of globalization." Francis Fukuyama, Stanford University, author of “The End of History” "Grzegorz Kolodko unites deep policy experience, a vast breadth of observation and a solid grip on real-world economics in his case for a new pragmatism. For all involved in the causes of peace, justice, shared prosperity and public purpose, he is a leader and an ally." James K. Galbraith, The University of Texas at Austin "Dr. Kolodko delivers comprehensive and inspiring economic analysis, drawing on his rich historical political leadership. His probing and insightful assessment of globalization in today's and tomorrow's world is a must read." Rev. Jesse L. Jackson, President of Rainbow Coalition and International Civil Rights Activist
Download or read book Hyperinflation written by He Liping and published by Routledge. This book was released on 2017-10-03 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s. Firstly, it gives a brief illustration of the basic concepts of hyperinflation, starting with the definitions and price measurement. Then it traces and analyzes all major episodes of hyperinflation that occurred over the past two thousand years or so, from the earliest incidence to the four tidal waves in the 20th century, and to the three latest episodes in the 21st century. Using basic concepts in modern finance such as indexation and dollarization, this book explains why hyperinflation in some countries could explode into astronomical levels, while rhythms of hyperinflation in the 20th century world are in resonance of megatrends in world economy and politics. Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book.
Download or read book Building Capitalism written by Anders Åslund and published by Cambridge University Press. This book was released on 2002 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stabilization and Privatization in Poland written by K. Poznanski and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stabilization and Privatization: An Economic Evaluation of the Shock Therapy Program is the first comprehensive account of Poland's economic transition since mid-1989. Monetary stabilization, trade liberalization (including convertibility) and privatization of state capital assets are discussed. Sources of economic recession which have accompanied the post-1989 transition are analyzed. The role of demand-side factors (i.e. monetary contraction) is weighed against that of supply-side factors (i.e. credit availability). The prevailing view is that the recession has been supply-type rather than demand-type. Economic performance has been impacted by the lack of a proper institutional framework (e.g. a segmented banking sector, diluted property rights). Arguments in favor of evolutionary reforms and market enhancing measures are presented. Stabilization and Privatization examines the main components of Poland's shock therapy program implemented in 1990. Post-shock recession, lasting at least through 1992, is examined to establish whether a sharp decline in output was caused by excessive demand contraction or lack of accommodating credit policies. The merits of an evolutionary approach and a more proactive state are debated.
Download or read book Economic Reforms and Capital Markets in Central Europe written by Ken Morita and published by Routledge. This book was released on 2017-11-30 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the economic reform of Central Europe influenced by or an influence upon capital markets? Where does globalization fit in? Ken Morita's pioneering work investigates the relationship between the systemic transition of Central European economies and capital markets, in particular the commodity futures markets and speculation.
Download or read book Moderate Inflation in Poland written by Mr.Mark E. L. Griffiths and published by International Monetary Fund. This book was released on 1996-06-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.
Download or read book The Socialist System written by János Kornai and published by Princeton University Press. This book was released on 2021-04-13 with total page 675 pages. Available in PDF, EPUB and Kindle. Book excerpt: To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to his explanation of why inherent attributes of socialism inevitably produced in-efficiency. In his past work he has focused on the economic sphere, maintaining consistently that the weak economic performance of socialist countries resulted from the system itself, not from the personalities of top leaders or mistakes made by leading organizations and planners. This book synthesizes themes from his earlier investigations, while broadening the discussion to include the role of the political power structure and of communist ideology. Kornai distinguishes between two types, or historical phases, of socialism. The "classical socialism" of Stalin, Mao, and their followers is totalitarian and brutally repressive, but its components fit together and make up a coherent edifice. Associated with names like Tito, KNBdar, Deng-Xiaoping, and Gorbachev, "reform socialism" relaxes repression, but brings about a sharpening of inner contradictions and the eventual dissolution of the system. Kornai examines the classical system in the first half of the book, and moves on to explore the complex process of reform in the second half. The Socialist System is addressed to economists in the first place, but also to political scientists, sociologists, and historians. In addition, it will appeal to policymakers, business analysts, and government officials who need to understand either formerly or presently communist countries.
Download or read book The East European Economy in Context written by David Turnock and published by Routledge. This book was released on 2003-09-02 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1989 the former communist countries of Eastern Europe have witnessed a profound and dramatic upheaval. The economic coherence of this region, formerly maintained through the adoption of the Soviet system of government, has fractured. In The East European Economy in Context: Communism and Transition, David Turnock examines the transition from communist to free-market economies, both within and between the states of Eastern Europe. As well as containing an informative survey of the impact of communism, The East European Economy in Context provides * Political profiles of individual countries * A clear study of the contrasts between northern and balkan groups * Summaries of regional variations in the transition process * An exploration of the new state structures and resources * Discussion of political stability, inter-ethnic tensions and progress in economic change
Download or read book From Shock to Therapy written by Grzegorz W. Kolodko and published by OUP Oxford. This book was released on 2000-04-20 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: The great transformation undertaken by the countries of the former communist bloc exhibits immense diversity–in terms of initial conditions, shifting target models, consistency, paths, speed, progress to date, and economic performance. This is the first comprehensive study of the economics and politics of postsocialism to be written by an author so deeply–and so successfully–involved in the reform process. Many people writing on the reform process offer advice that is not really credible; as a member of the Polish government, and architect of the successful Polish reform, Grzegorz Kolodko actually solved many of the difficulties of transition, which allows him to come forward here with policy proposals and long-term forecasts. The treatment of the transition from plan to market as a historical process is an important feature of the book. The author claims that there is no historical fatality–that sound policies in the present are more determining than the favourable or unfavourable legacies of the past. The aim is to create and maintain the conditions for sustainable growth and durable development.
Download or read book Economic Analysis of Institutions and Systems written by S. Pejovich and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Analysis of Institutions and Systems aims to redirect the study of what was previously referred to as comparative economic systems toward analysis of the history and development of institutions, and the effects of alternative institutional arrangements on economic behavior. To this end, the book internalizes into a theoretical framework: (i) the effects of alternative institutions on the costs of transactions and incentive structures; (ii) the effects of the costs of transactions and incentives on economic behavior, and (iii) the evidence for refutable implications of those effects. In the process, it provides the logical premises for various institutions from which refutable implications can be deduced.
Download or read book Transition Economies in Central and Eastern Europe written by Alicja Sielska and published by Taylor & Francis. This book was released on 2023-08-16 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of interventionism of the Austrian School of Economics explains the successes and failures of the transformation processes in Central and Eastern European countries and offers a deep insight into contemporary economic phenomena. Three decades have passed since the collapse of communism that precipitated the economic transformation of these countries. This book describes the Austrian view of socialism and in such a context explains the transformational success of the countries of Central and Eastern Europe. Moreover, it shows that the theory of interventionism has not lost its relevance, and the theory itself—along with its modifications—may be used to explain current economic events. The book is divided into four sections. The first part presents the Austrian perspective on socialism; the second discusses a new approach to the Austrian theory of interventionism, suggesting that the theory should be revised and that its scope should be extended beyond the transformation of the 1990s into the realm of contemporary economic reality; the third part is oriented towards pragmatic considerations, whereby the authors employ the Austrian perspective to analyze specific factors that, according to their view, had an impact on the transformational success of post-communist countries; while the final part is ideological and philosophical in character. Here the authors search for certain principia that govern broadly understood social and economic transformations. The book is addressed to those interested in the Austrian School of Economics and the political transformation of the 1990s, as well as those who wish to understand contemporary economic trends.
Download or read book Macroeconomic Dimensions of Public Finance written by Vito Tanzi and published by Psychology Press. This book was released on 1997 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does liberalization necessitate a reduced government role? Is there a residual role of government after socialism and dirigisme? This work provides indepth analysis of issues pertinent to public finance.
