Download or read book Price Liberalization in a Reforming Socialist Economy written by Mr.Domenico Fanizza and published by International Monetary Fund. This book was released on 1992-06-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting output losses is identified.
Download or read book Market Liberalization Policies in a Reforming Socialist Economy written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1991-12-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Download or read book Market Liberalization Policies in a Reforming Socialist Economy written by Elias Dinopoulos and published by . This book was released on 2006 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a model of a socialist economy, incorporating bargaining over wages and employment in the socialized sector, efficiency wages in the non-socialized sector, and shortages which are reflected in the black market. The model is used to analyze the implications of liberalization policies, including trade liberalization, an administered price increase, and permission for increased direct foreign investment. The results suggest, among other things, that reforms may have different effects under different trade regimes; that small price reforms may have perverse effects; and that foreign investment in a shortage economy may be immiserizing.
Download or read book Price Reform and Durable Goods in the Transition to a Market Economy written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1993-06-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date.
Download or read book Liberalization and Entrepreneurship written by Branko Milanović and published by M.E. Sharpe. This book was released on 1989 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book starts from the premise that economic liberalization - reduced state interference in economic life - is the common element in the current trend towards privatization and deregulation in the West and economic reform and restructuring in the East. In popular parlance, "privatization" and "perestroika" are its watchwords, Margaret Thatcher and Mikhail Gorbachev its heralds. But the specific character of the liberalization will be determined by the social characteristics of different societies. In order to study the reform process in the two systems, it is necessary to dispose of a general conceptual framework capable of embracing both a (predominantly) market economy and a (predominantly) centrally planned economy. The key objective of this work is to provide such a unified framework, and on that basis to analyze the policy conflicts that dominated both systems in the 1980s and the prospects for further change in the years ahead.
Download or read book Trade Liberalization and the Transition to a Market Economy written by Oleh Havrylyshyn and published by World Bank Publications. This book was released on 1991 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade liberalization is more important to Eastern and Central European economies than to reforming nonsocialist economies - and will also benefit the reforming socialist economies more. But it must be accompanied, or quickly followed, by rapid privatization.
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.
Download or read book Issues in Socialist Economy Reform written by Stanley Fischer and published by World Bank Publications. This book was released on 1990 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Price Reform and Durable Goods in the Transition to a Market Economy written by Pierre-Richard Agenor and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date.
Download or read book Foreign Economic Liberalization written by Andras Koves and published by Westview Press. This book was released on 1991-04-28 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world.
Download or read book Transforming Socialist Economies written by S. Burki and published by Springer. This book was released on 2004-12-07 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming Socialist Economies: Lessons for Cuba and Beyond argues that countries with centrally-planned economies can pursue divergent paths towards market liberalization. The book reviews the reform processes of China, the Central Asian Republics, Eastern Europe, Russia, Vietnam, and the role of the international financial institutions, and draws lessons for Cuba, a country on the verge of wider economic transformation.
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Download or read book Socialism Capitalism Transformation written by Leszek Balcerowicz and published by Oxford University Press, USA. This book was released on 1995 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Socialism, Capitalism, Transformation reveals the mind of an academic who was not afraid to turn politician when the opportunity arose. In it, Leszek Balcerowicz, leader of the largest opposition party in Poland, former Deputy Prime Minister and Minister of Finance, summarizes some twenty years of research into the connections between economic and political institutions and human behaviour, institutional change, and the way such change occurs. Part I provides a comparative analysis of capitalist and socialist regimes, examining in particular the compatibility of different economic and political institutions and policies. In Part II Balcerowicz discusses institutional change, focusing on the post-communist transition in Central and Eastern Europe since the late 1980s. He deals with political and economic developments and looks at the interplay between them. Here he blends academic knowledge with the insight gained while holding a position of major government responsibility during Poland's period of 'extraordinary politics'. Part III contains writings on Poland's own economic transformation and related political developments. The final chapter consists of personal recollection of Poland's reforms - an insider's view of a pivotal phase in that country's history.
Download or read book Price Liberalization in a Reforming Socialist Economy written by Domenico Fanizza and published by . This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book IMF Staff papers written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1992-01-01 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines market liberalization policies in a reforming socialist economy. The aim of this paper is to develop a model of such a reforming socialist economy and to explore the consequences of market-oriented policies in the context of such an economy. A model of a socialist economy is presented, incorporating bargaining over wages and employment in the socialized sector and shortages that are reflected in the black market. The model is used to analyze the implications of liberalization policies, including trade liberalization, an administered price increase, and provisions allowing for increased direct foreign investment. The nonsocialized sector is perfectly competitive and produces an output that is different from that of the socialized sector. It has a neoclassical production function using a sector-specific input (say, capital) and labor. The results suggest that reforms may have different effects under different trade regimes and that small price reforms may have perverse effects.
Download or read book Managing Inflation in Socialist Economies in Transition written by Tamás Bauer and published by . This book was released on 1991 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How China Escaped Shock Therapy written by Isabella M. Weber and published by Routledge. This book was released on 2021-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.
