Money, Incentives and Efficiency in the Hungarian Economic Reform (Chinese Studies on China) - Hardcover

Brada, Joseph C.; Dobozi, Istvan

 
9780873325660: Money, Incentives and Efficiency in the Hungarian Economic Reform (Chinese Studies on China)
Hardcover
ISBN 10: 0873325664 ISBN 13: 9780873325660
Publisher: Routledge, 1990

Synopsis

The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.

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About the Author

Josef C. Brada Professor of Economics, Arizona State University; editor of Journal of Comparative Economics and co-editor of Soviet and Eastern European Foreign Trade. Istváh Dobozi Department Head, Research Institute for the World Economy, Hungarian Academy of Sciences.

"About this title" may belong to another edition of this title.

Publisher
Routledge
Publication date
1990
Language
English
ISBN 10 
0873325664
ISBN 13 
9780873325660
Binding
Hardcover
Edition number
1
Number of pages
200