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The Resource The market meets its match : restructuring the economies of Eastern Europe, Alice H. Amsden, Jacek Kochanowicz, Lance Taylor

The market meets its match : restructuring the economies of Eastern Europe, Alice H. Amsden, Jacek Kochanowicz, Lance Taylor

Label
The market meets its match : restructuring the economies of Eastern Europe
Title
The market meets its match
Title remainder
restructuring the economies of Eastern Europe
Statement of responsibility
Alice H. Amsden, Jacek Kochanowicz, Lance Taylor
Creator
Contributor
Subject
Language
eng
Summary
  • Under free-market shock therapy, the economies of Eastern Europe have plunged into crisis. Shortages may have disappeared, but so have social services, a living wage, and equitable income distribution. Political unrest increases apace as output plummets. Why so much stagnation, inflation, and de-industrialization, and what can be done to turn this risky state of affairs around? This book, the first critique of the free-market economic policies that have jolted Eastern Europe, addresses these questions in penetrating detail. The authors also propose a sensible approach to reform, including a restructuring of the state itself so that it can play a more positive role in this difficult transition
  • With close attention to the history and institutional realities of the region, The Market Meets Its Match explains the failure of the simplistic market medicine administered in the first five years of transition. Merely "getting the prices right"--Lowering wages and raising interest rates and energy prices - won't improve competitiveness, the authors argue, as long as nonlabor costs such as the quality of goods, product design, outmoded technology, and inefficient distribution channels remain problems. Easing these bottlenecks requires long-term capital accumulation and profit maximization. The institutions necessary for such growth have not developed under Eastern Europe's new "pseudo-capitalism," as the authors demonstrate, and "pseudo-privatization," while distributing state property to citizens, has not provided them with the capital and technology they need to succeed
  • This book shows that the market mechanism alone will not transform Eastern Europe's potentially productive enterprises into international competitors without careful government coordination and support
Cataloging source
DLC
http://library.link/vocab/creatorName
Amsden, Alice H.
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1940-
http://library.link/vocab/relatedWorkOrContributorName
  • Kochanowicz, Jacek
  • Taylor, Lance
http://library.link/vocab/subjectName
  • Mixed economy
  • Post-communism
  • Europe, Eastern
  • Europe, Eastern
Label
The market meets its match : restructuring the economies of Eastern Europe, Alice H. Amsden, Jacek Kochanowicz, Lance Taylor
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [225]-241) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. From Pseudo-Socialism to Pseudo-Capitalism -- 2. Transition Macroeconomics -- 3. The Black Box of State-Owned Enterprises -- 4. Overloading the Market Mechanism -- 5. Pseudo-Privatization and the World Bank -- 6. Enterprise and the State -- 7. Challenges Facing the State -- 8. Reconstructing the State -- 9. Economy, Society, and the State
Control code
30436877
Dimensions
25 cm
Extent
xi, 250 pages
Isbn
9780674549838
Isbn Type
(acid-free paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(WaOLN)1625817
Label
The market meets its match : restructuring the economies of Eastern Europe, Alice H. Amsden, Jacek Kochanowicz, Lance Taylor
Publication
Bibliography note
Includes bibliographical references (pages [225]-241) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
1. From Pseudo-Socialism to Pseudo-Capitalism -- 2. Transition Macroeconomics -- 3. The Black Box of State-Owned Enterprises -- 4. Overloading the Market Mechanism -- 5. Pseudo-Privatization and the World Bank -- 6. Enterprise and the State -- 7. Challenges Facing the State -- 8. Reconstructing the State -- 9. Economy, Society, and the State
Control code
30436877
Dimensions
25 cm
Extent
xi, 250 pages
Isbn
9780674549838
Isbn Type
(acid-free paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(WaOLN)1625817

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