Studies in Economic Transition

Economic Transition in Hungary and East Germany

Gradualism, Shock Therapy and Catch-Up Development

Authors: Stephan, J.

Free Preview

Buy this book

eBook 86,99 €
price for Spain (gross)
  • ISBN 978-0-230-59658-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 109,19 €
price for Spain (gross)
  • ISBN 978-0-333-75143-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

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.

About the authors

DR. JOHANNES STEPHAN is Research Fellow at the Institute for Economic Research Halle. Following his graduation from the Freie Universität Berlin in 1994, he undertook a doctoral research project on the economics of systemic transformation and economic development in post-socialist economies which he finalised in 1997 at the Institute for German Studies, University of Birmingham.

Reviews

'It is an important addition to the literature on this increasingly popular topic.' - Robert F. Miller, SEER

'This is a well-written, well-researched review of transformation processes in the former German Democratic Republic and Hungary...if an understanding of financial sector stablization, economic integration, and the role of foreign trade in transformation economies is sought, the book will prove rewarding.' - Philip J. Bryson, Slavic Review


Table of contents (9 chapters)

Table of contents (9 chapters)

Buy this book

eBook 86,99 €
price for Spain (gross)
  • ISBN 978-0-230-59658-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 109,19 €
price for Spain (gross)
  • ISBN 978-0-333-75143-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules

Services for this book

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Economic Transition in Hungary and East Germany
Book Subtitle
Gradualism, Shock Therapy and Catch-Up Development
Authors
Series Title
Studies in Economic Transition
Copyright
1999
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-0-230-59658-0
DOI
10.1057/9780230596580
Hardcover ISBN
978-0-333-75143-5
Series ISSN
2662-6675
Edition Number
1
Number of Pages
XV, 293
Topics