Macroeconomic policies and achievements in transition economies, 1989-1999
Journal Title: Journal of European Economy - Year 2002, Vol 1, Issue 1
Abstract
The primary purpose of this paper is to consider and answer the following questions: • How far have the transition economies of central Europe and the former Soviet Union been able to establish the macroeconomic framework needed for sustaining investment and economic growth? • What distinguishes the more successful from the less successful initial conditions, the political environment, the state of institutions? • How far have weak or missing institutions hampered effectual policy-making? • Have macroeconomic policy dilemmas been intensified by weak institutions? • Has too much emphasis been placed on lowering inflation – or reducing it too rapidly – at the expense of economic growth? • What lessons can be drawn for those transition economies which are still struggling to achieve macroeconomic stability and economic growth? • Under the emerging economic system, what is the potential contribution to growth of the technological convergence (catching-up) factor?
Authors and Affiliations
Stanislaw Gomulka
Keywords
Related Articles
- EP ID EP462272
- DOI -
- Views 93
- Downloads 0
The economies in the Black Sea Region: how did they fare after the collapse of the Soviet Union?
Geographic terms are sometimes less clear than they seem at first sight. The term Europe, for example, may refer to different areas. The European soccer competition and the Euro Songfestival include participants from cou...
Oil and Natural Gas Trade Balance and Production Effects in the European Union and Black Sea Economic Cooperation Countries
Most European Union and Black Sea Economic Cooperation countries are net importers of petroleum and natural gas. Searching for new deposits and construction of new pipelines can improve energy security in the region. The...
The Features of Development of Agricultural Sector of Economy of Ukraine in the Conditions of Euro Integration
The article substantiates the peculiarities of the development of the agrarian sector of the economy in the context of integration into the EU, which confirms that the modern global society is undergoing transformational...
Grouping of Regions of Ukraine is After Level of Economic Activity of Industry
Grouping of regions of Ukraine is conducted by value integral indexes of economic activity of their industry. In accordance with certain gradation, for most areas (20 in 2015 against 23th in 2014) characteristic was a su...
Innovation Activity Across Industrial Sector in the Regions of Ukraine
Assessment of the state of industrial sector during 2011-2015 in the profile of the regions of Ukraine according to their level of innovation activity is made. Low level of innovation activity for most regions is defined...