Titlebook: Economic Transition in Hungary and East Germany; Gradualism, Shock Th Johannes Stephan Book 1999 Palgrave Macmillan, a division of Macmilla

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2662-6675 and Hungary‘s gradualism, the book generates a set of generalisable conditions for economic development which imply some degree of state intervention and strategy. A stability-oriented incomes policy and a carefully managed integration strategy can enable sustainable export surpluses, a competitive

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Nefarious

https://doi.org/10.1057/9781137506429ages of regional cooperation and the concept of ‘outward orientation’. This chapter closes with an analysis of the effects of capital imports on catch-up development to conclude that, for Hungary, export surpluses, currency undervaluation and monetary stabilisation form the trinity of a successful process of catch-up development.

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fibula

Hungarian Foreign Trade and Catch-up Developmentages of regional cooperation and the concept of ‘outward orientation’. This chapter closes with an analysis of the effects of capital imports on catch-up development to conclude that, for Hungary, export surpluses, currency undervaluation and monetary stabilisation form the trinity of a successful process of catch-up development.

genesis

The Austerity Programme: A Strategic Reorientation?penditure well in excess of tax revenues (deficit spending), administered capital imports (rooted in the adherence to the ‘two-gap’ approach) and premature integration (effecting import substitution) gave rise to a severe destabilisation of Hungary’s monetary constitution.

defuse