Economics of Transition
eBook - ePub

Economics of Transition

A New Methodology for Transforming a Socialist Economy to a Market-led Economy

  1. 575 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Economics of Transition

A New Methodology for Transforming a Socialist Economy to a Market-led Economy

About this book

First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, K?z?lyall? argues that they have been unsuccessful due to poor planning. K?z?lyall? notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. K?z?lyall? concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.

Frequently asked questions

Yes, you can cancel anytime from the Subscription tab in your account settings on the Perlego website. Your subscription will stay active until the end of your current billing period. Learn how to cancel your subscription.
No, books cannot be downloaded as external files, such as PDFs, for use outside of Perlego. However, you can download books within the Perlego app for offline reading on mobile or tablet. Learn more here.
Perlego offers two plans: Essential and Complete
  • Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
  • Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Both plans are available with monthly, semester, or annual billing cycles.
We are an online textbook subscription service, where you can get access to an entire online library for less than the price of a single book per month. With over 1 million books across 1000+ topics, we’ve got you covered! Learn more here.
Look out for the read-aloud symbol on your next book to see if you can listen to it. The read-aloud tool reads text aloud for you, highlighting the text as it is being read. You can pause it, speed it up and slow it down. Learn more here.
Yes! You can use the Perlego app on both iOS or Android devices to read anytime, anywhere — even offline. Perfect for commutes or when you’re on the go.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Yes, you can access Economics of Transition by Hüsnü Kizilylli in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over one million books available in our catalogue for you to explore.

Information

Publisher
Routledge
Year
2019
eBook ISBN
9780429812453
Topic
Business
Subtopic
Business General
Index
Business

Table of contents

  1. Cover
  2. Half Title
  3. Title Page
  4. Copyright Page
  5. Contents
  6. Dedication
  7. Preface
  8. Acknowledgements
  9. Proposed Methodology for Transforming a Socialist Economy to a Market-Led Economy: Summary
  10. Chapter 1 Need for a New Approach in Transforming the Socialist Economies
  11. Chapter 2 The Proposed Methodology
  12. Chapter 3 Benefits of a Systematic Methodology for Immediate Transformation of Socialist Economies into Free Market Systems
  13. Chapter 4 Conclusion
  14. Chapter 5 Points of Clarification
  15. Chapter 6 Some Further Thoughts, Remarks and Observations
  16. Chapter 7 Other Forecasting and Analysis Methods Developed for Countries Transition
  17. Chapter 8 High Inflation Problem
  18. Chapter 9 Dollarization
  19. Chapter 10 Demise of CMEA and Collapse of CMEA Trade and Inter-Republican Trade of the Former Soviet Union
  20. Chapter 11 Hardening the Soft Budget Constraint
  21. Chapter 12 The Enterprise Reform
  22. Chapter 13 Privatization
  23. Chapter 14 The Polish Reform Experience
  24. Chapter 15 The Hungarian Reform Experience
  25. Chapter 16 The East German Experience
  26. Chapter 17 Recent Developments in the Other Reforming Socialist Countries
  27. Chapter 18 Chinese Reform Experience
  28. Chapter 19 The Experience of the Former Soviet Union
  29. Chapter 20 The Theoretical Foundations of Reform Programs
  30. Chapter 21 Phillips Curve Trade-Off
  31. Chapter 22 A Review of Country Experiences
  32. References
  33. Index