Postwar Economic Reconstruction & Lessons for the East Today (The MIT Press) - Hardcover

Dornbusch, Rudiger

Hardcover

ISBN 10: 0262041367 ISBN 13: 9780262041362

Publisher: MIT Press, 1993

Synopsis

The breakup of the Soviet Union and the consequent extraordinary problems faced byEastern European nations raise pressing economic questions. The case studies in this book examinesignificant parallels between the situation in Eastern Europe today and the issues facing Europe andJapan after World War II, offering insights on what kinds of policy actions will be most effectivein this difficult period of reconstruction. The essays address such topics as the relative roles ofgovernment and the market; economic openness; industrial conversion from war to peacetimeproduction; the roles of institutions, enterprises, the business community, and their work staffs;and external control of policy measures, of resources made available by the outside world, and ofthe general external environment. In their introductory chapter, the editors provide an overviewthat addresses the question of whether reconstruction can ever be managed smoothly. RudigerDornbusch is Professor of Economics at the Massachusetts Institute of Technology. Wilhelm Nolling isPresident of the Landeszentral Bank in Hamburg, Germany. Richard Layard is Professor of Economics atthe London School of Economics.Contents: Openness, Wage Restraint, and Macroeconomic Stability: WestGermany's Road to Prosperity 1948-1959, H. Giersch, K. H. Paqué, M. Schmieding. The Lucky Miracle:Germany 1945-1951, H. Wolf. Inflation and Stabilization in Italy 1946-1951, M. De Cecco and F.Giavazzi. Economic Reconstruction in France 1945-1958, G. Saint-Paul. Reconstruction and the U.K.Postwar Welfare State: False Start and New Beginning, P. Minford. A Perspective on PostwarReconstruction in Finland, J. Paunio. The Reconstruction and Stabilization of the Postwar JapaneseEconomy, K. Hamada and M. Kasuya. The Marshall Plan: History's Most Successful Structural AdjustmentProgram, J. B. De Long and B. Eichengreen. Lessons for Eastern Europe Today, 0. Blanchard, R.Portes, W. Nolling.

About this title

About the Authors

The late Rudiger Dornbusch was Professor of Economics at the Massachusetts Institute of Technology.

Wilhelm Nolling is President of the Landeszentral Bank in Hamburg, Germany.

Richard Layard is Director of the Centre for Economic Performance at the London School of Economics.

Edition details

• Publisher: MIT Press
• Publication date: 1993
• Language: English
• ISBN 10: 0262041367
• ISBN 13: 9780262041362
• Binding: Hardcover
• Number of pages: 264