Market-oriented Systemic Transformations in Eastern Europe : Problems, Theoretical Issues, and Policy Options

Online-Ressource (XII, 264 p)

online resource

A: Characteristics of the Centrally Planned Economy and Systemic Collapse1. The Rise and Fall of Marxist Theory and Socialism -- 2. Distortions of Socialist Economics -- 3. Stagnation and Collapse -- 4. Dramatic Changes in Eastern Europe -- Appendix Al: Quality Gaps in Socialism Modelled in a SALOP-SALANT Approach -- B: Inefficiency, Instability, and Restricted Options -- 1. Introduction -- 2. The Scope of Transformation and the Sequencing Issue -- 3. Restricted Options in Transforming Socialist Economics -- C: Privatization and Foreign Investment in Eastern Europe -- 1. In Search of Private Owners and Entrepreneurship -- 2. Privatization and Resistance to Systemic Change -- 3. Economic Challenges of Foreign Direct Investment in Eastern Europe -- 4. Normative Conclusions for Policy Concepts -- Appendix C1: Competition and Prices in Systemic Transition -- D: Foreign Economic Liberalization in Eastern Europe -- 1. The Challenge of Foreign Economic Liberalization -- 2. Strategic Role of Foreign Economic Liberalization -- 3. Liberalization and Economic Integration -- 4. Role of a New Marshall Plan -- Appendix D1: Ratio of Consumer Surplus to Producer Surplus -- Appendix D2: A New Supply-augmented IS-LM Model -- Appendix D3: Exports to European A Partners as a Percentage of Total Exports -- E: East-West Problems in Europe and North-South Conflicts -- 1. The New Europe -- 2. Economic Aspects of Instability and Conflict in Europe -- 3. North-South Conflicts and Global Aspects.

10.1007/978-3-642-58140-3 [DOI]

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