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First Published in 1990. Routledge is an imprint of Taylor & Francis, an Informa company.
This text addresses issues concerned with the fall of, or decline in, communism in Eastern Europe and China, comparing the different countries' performance in inflation, privatization, enterprise restructuring, banking reform and labour market policy, and the role of decentralization.
First Published in 1990. Socialist countries now account for about a quarter of the world economy, about a third of the world population and about half the world military power. What happens in those countries is therefore par excellence of importance to all of us. This book is an outcome of a Conference on Economic Systems and Reforms in a Changing World, held in Seoul in September 1987. The Conference was significant in several respects. Foremost was the fact that this was probably the first such meeting of scholars from both socialist and non-socialist countries held to discuss socialist economic reforms worldwide.
In this wide ranging exposition of the various economic theories of technological change, Stanislaw Gomulka relates them to rates of growth experienced by different economies in both the short and the long term. Analysis of countries as diverse as Japan, the Soviet Union and the United Kingdom demonstrates that there is an interdependence between technological change and the institutional and cultural characteristics of different countries, which can have a profound effect on their rates of growth. All of the major, relevant models are discussed, including those of Kuznets and Phelps, but throughout the emphasis is on the creation of a unified theoretical framework to help explain the impact of technological progress on both a micro and a macro scale.
One of the characteristic facts concerning the “catching-up countries” is the exceptionally large variation in their per capita annual rate of growth, from about zero to about 10%. The papers published in this monograph show that this rate is strongly dependent on the rate of investment, the quality of the labour force and the quality of institutions. The rate of investment is, in turn, dependent on the rate of domestic savings. In Poland, domestic savings are shown to have been and continue to be very low by international standards. The trend rate of growth of about 3.7% has been about 2 pp. higher than that of the most developed economies, mainly thanks to the development of modern mar...
Research papers on economic growth, Innovation and economic reform in the socialist countries of Eastern Europe, partic. Hungary, Poland, the USSR and Yugoslavia - covers issues relating to the impact of the political system on economic development, research and development, industrialization, industrial growth, choice of technology, trade with advanced capitalist countries; etc.; comments on socialist and Western economic theories; includes economic analysis methodology. Graphs, references, statistical tables.