Towards a Market Economy in Central and Eastern Europe

  • Herbert Giersch

Part of the A Publication of the Egon-Sohmen-Foundation book series (EGON-SOHMEN)

About this book

Introduction

In 1990, the countries of Central and Eastern Europe began or accelerated their transition to a market economy. This book addresses among others the following questions: (I) What are the fundamental causes of the collapse of the Soviet-type economic systems? (II) What major steps could be taken to make the transition process to a market economy irreversible and less painful? (III) What can be learned from West Germany's outstandingly successful postwar economic reforms? (IV) Is the issue of gradualism versus shock therapy still relevant? (V) If macroeconomic stability is a precondition, what is the role of privatization, deregulation and trade liberalization? (VI) What is the optimal sequence of steps in privatization, deregulation, liberalization and currency convertibility? (VII) How quickly may privatization be achieved? (VIII) Is the USSR really a special case and, if so, in what respects and for what fundamental reasons? (IX) How long in the transition period may the initial phase of disorder, chaos and decline last? (X) What can be learned from the experiences gathered so far in the major ex-communist countries?

Keywords

Deregulierung Liberalisierung Marktwirtschaft Privatisierung deregulation economic integration economic systems macroeconomics privatisation stability

Editors and affiliations

  • Herbert Giersch
    • 1
  1. 1.Kiel Institute of World EconomicsKiel 1Germany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-76572-8
  • Copyright Information Springer-Verlag Berlin Heidelberg 1991
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-76574-2
  • Online ISBN 978-3-642-76572-8
  • About this book