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Titlebook: Stabilization and Privatization in Poland; An Economic Evaluati Kazimierz Z. Poznanski Book 1993 Springer Science+Business Media New York 1

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书目名称Stabilization and Privatization in Poland
副标题An Economic Evaluati
编辑Kazimierz Z. Poznanski
视频video
丛书名称International Studies in Economics and Econometrics
图书封面Titlebook: Stabilization and Privatization in Poland; An Economic Evaluati Kazimierz Z. Poznanski Book 1993 Springer Science+Business Media New York 1
描述.Stabilization and Privatization: An Economic Evaluation ofthe Shock. .Therapy Program. is the first comprehensive accountof Poland‘s economic transition since mid-1989. Monetarystabilization, trade liberalization (including convertibility) andprivatization of state capital assets are discussed. Sources ofeconomic recession which have accompanied the post-1989 transition areanalyzed. The role of demand-side factors (i.e. monetary contraction)is weighed against that of supply-side factors (i.e. creditavailability). The prevailing view is that the recession has beensupply-type rather than demand-type. Economic performance has beenimpacted by the lack of a proper institutional framework (e.g. asegmented banking sector, diluted property rights). Arguments in favorof evolutionary reforms and market enhancing measures arepresented...Stabilization and Privatization. examines the main components ofPoland‘s shock therapy program implemented in 1990. Post-shockrecession, lasting at least through 1992, is examined to establishwhether a sharp decline in output was caused by excessive demandcontraction or lack of accommodating credit policies. The merits of anevolutionary approach and a more pr
出版日期Book 1993
关键词Privatization; inflation; socialism; transformation
版次1
doihttps://doi.org/10.1007/978-94-011-2206-1
isbn_softcover978-94-010-4978-8
isbn_ebook978-94-011-2206-1Series ISSN 0924-5170
issn_series 0924-5170
copyrightSpringer Science+Business Media New York 1993
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The Economic Transformation of Eastern Europe: The Case of Polandollective bargaining—must be painfully reconstructed. For four decades, capital spending was dictated by political fiat, in a system that valued heavy industry to the neglect of basic consumer needs, and that ruthlessly reoriented trade from Western Europe to the Soviet Union.
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Introduction leadership announced a radical—“shock therapy”—plan for transition to capitalism in 1990, Poland was again ahead of the rest of the region. From the very beginning, economists have wondered whether it was rational for the newly formed political leadership to invest its future in such a radical prog
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Poland’s Quest for Economic Stabilization, 1988–1991: Interaction of Political Economy and Economicssuffering from a high degree of instability (inflation, shortages) into a stable capitalist economy. It thus involves two separate components: macroeconomic stabilization and systemic reform. In this chapter we shall be concerned with the first component. This chapter is organized in four sections.
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Taking Stock of the “Big Bang”ultaneous introduction of a set of economic policy measures designed to quickly create a market economy in the country. It describes the key economic policies that were embodied in the “big bang,” or “shock therapy,” and then traces the economic consequences of those policies through 1991 and 1992.
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