Special Issue: Economy and the Transition from Socialism to Capitalism PDF Download

Author: Andrei Shleifer
Publisher:
ISBN:
Category :
Languages : en
Pages : 273

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Author: M. L. Truu
Publisher:
ISBN:
Category : Capitalism
Languages : en
Pages : 106

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Author: Gérard Roland
Publisher: Mit Press
ISBN: 9780262681483
Category : Economic history
Languages : en
Pages : 430

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The transition from socialism to capitalism in former socialist economies is one of the main economic events of the twentieth century. Not only does it affect the lives of approximately 1.65 billion people, but it is contributing to a shift in emphasis in economics from standard price and monetary theory to contracting and its institutional environment. Economic research in transition shows not only that institutions matter but also how their evolution toward higher efficiency depends on initial conditions and on sustained political support.Unlike early policy literature on transition economics, which focused on the so-called Washington consensus, this book provides an overview of current research, analyzing issues raised by transition for which economic theorists and policy makers had no ready answers. It shows how research on transition contributes to our understanding of capitalism as an economic system and of the dynamics of large-scale institutional change.The book is divided into three parts. The first part looks at how large-scale reforms are decided dynamically through the political process. The second part looks at the general equilibrium and macroeconomic effects of liberalization in economies without preexisting markets. The third part looks at the economic behavior of firms in the transition from state to private ownership and compares the effects of privatization, restructuring, and financial reform. Although focused on transition economics, the discussions are relevant to topics in political economics, development, public economics, corporate finance, and micro- and macroeconomics.

Author: Clive Yolande Thomas
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 348

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Monograph on the theoretics of underdevelopment, economic development, and transition to socialism in small developing countries - suggests economic policies and production strategies, and discusses the problem of dependent economic relationships (role of developed countries), etc. Bibliography pp. 311 to 319, references and statistical tables.

Author: Gérard Roland
Publisher: MIT Press
ISBN: 9780262681483
Category : Business & Economics
Languages : en
Pages : 440

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The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.

Author: Gérard Roland
Publisher: MIT Press (MA)
ISBN:
Category : Economic history
Languages : en
Pages : 444

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This book provides an overview of current research, analyzing issues raised by transition for which economic theorists and policy makers had no ready answers.

Author: Akram Esanov
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a consistent and predictable manner. Our results indicate that, during the period from 1993 to 2004, the Bank of Russia used monetary aggregates as the main policy instrument. Some estimations provide evidence that the Bank of Russia was more concerned with reducing inflation before 1995, while the priorities shifted towards exchange rate stabilization after 1995.

Author: Mr.Richard D. Haas
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 216

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This chapter is the collection of eight papers on different aspects of the first 10 years of economic transition. Transition issues have appeared initially quite controversial. There have been controversies on the speed of reforms, privatization methods, the role and organization of government, the kind of financial system needed, etc. Although these controversies often have been ideological, they also reflect to a large extent the initial ignorance and unpreparedness of the economics profession with respect to the large. Resident representatives in transforming economies have had a unique opportunity to witness and participate in one of the most interesting and challenging events of the economics profession in the past 50 years: the transformation of centrally planned economies into market-based systems. The job is intellectually fascinating, frequently extremely rewarding, occasionally frustrating, however, never boring. The decline in cash revenue in Russia has been the key macroeconomic policy failure of the transition. This paper argues that the fall in cash compliance emerged when money printing was replaced with a method of budget financing that did not, in the short run, compromise the government's goals of low inflation, a stable exchange rate, and low interest rates, but which ultimately has led the government into a low cash revenue trap.

Author: Saeed Rahnema
Publisher: Palgrave MacMillan
ISBN: 9783319829210
Category :
Languages : en
Pages : 226

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Through a series of conversations with prominent theorists and leading political activists in different parts of the world, this book explores the causes of the setbacks of both the reformist and revolutionary strategies of the socialist Left. Addressing the larger questions around the agenda(s) of socialism in the era of globalization, the interviewees believe that capitalism is not sustainable in the long run, due largely to its inherent contradictions, and that a post-capitalist social world order is inevitable and attainable. Despite notable differences, what emerges from this collection of voices and perspectives is a unified call to mobilize and organize for radical change through engagement with the various social groups that could play instrumental roles in the transition beyond a capitalist social formation.

Author: Tobias ten Brink
Publisher: University of Pennsylvania Press
ISBN: 081229579X
Category : Political Science
Languages : en
Pages : 327

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Since 1978, the end of the Mao era, economic growth in China has outperformed every previous economic expansion in modern history. While the largest Western economies continue to struggle with the effects of the deepest recession since World War II, the People's Republic of China still enjoys growth rates that are massive in comparison. In the country's smog-choked cities, a chaotic climate of buying and selling prevails. Tireless expansion and inventiveness join forces with an attitude of national euphoria in which anything seems possible. No longer merely the "workshop of the world," China is poised to become a global engine for innovation. In China's Capitalism, Tobias ten Brink considers the history of the socioeconomic order that has emerged in the People's Republic. With empirical evidence and a theoretical foundation based in comparative and international political economy, ten Brink analyzes the main characteristics of China's socioeconomic system over time, identifies the key dynamics shaping this system's structure, and discusses current trends in further capitalist development. He argues that hegemonic state-business alliances mostly at the local level, relative homogeneity of party-state elites, the maintenance of a low-wage regime, and unanticipated coincidences between domestic and global processes are the driving forces behind China's rise. He also surveys the limits to the state's influence over economic and social developments such as industrial overcapacity and social conflict. Ten Brink's framework reveals how combinations of three heterogeneous actors—party-state institutions, firms, and workers—led to China's distinctive form of capitalism. Presenting a coherent and historically nuanced portrait, China's Capitalism is essential reading for anyone interested in the socioeconomic order of the People's Republic and the significant challenges facing its continuing development.