Money, Incentives and Efficiency in the Hungarian Economic Reform
Book Details
Format
Hardback or Cased Book
ISBN-10
0873325664
ISBN-13
9780873325660
Publisher
Taylor & Francis Inc
Imprint
M.E. Sharpe
Country of Manufacture
US
Country of Publication
GB
Publication Date
Sep 30th, 1990
Print length
200 Pages
Weight
480 grams
Product Classification:
Political structure & processesMacroeconomics
Ksh 18,900.00
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The exchange of a regulated market for a centralized economy, coupled with incomplete reforms has made further, more radical reform increasingly difficult in Hungary. This text is a collection of essays that document the serious shortcomings of Hungarian economic reform.
The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.
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