Economic Transition in Hungary and East Germany

Gradualism, Shock Therapy and Catch-Up Development

Autor*innen

• J. Stephan

Parameter

• 293 Seiten
• 11 Lesestunden

• Politikwissenschaft
• Wirtschaft

Mehr zum Buch

The book analyzes the success factors of economic transition by contrasting East Germany's rapid shock therapy with Hungary's gradual approach. It identifies essential conditions for economic development that advocate for some state intervention and strategic planning. Key themes include the importance of a stability-oriented incomes policy and a managed integration strategy to achieve sustainable export surpluses and macroeconomic stability, while also addressing the risks associated with premature integration.

• Sprache: Englisch
• Erscheinungsdatum: 1999
• Einband: Hardcover