Transformation of Economy as a Real Process

An Insider's Perspective

Daniel Daianu (Autor)

Buch | Hardcover

334 Seiten

2019
Routledge (Verlag)
978-1-138-36501-8 (ISBN)

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First published in 1998, this volume is a contribution to the economic analysis of post-communist transformation in an evolutionary-institutionalist approach. The author shows convincingly the role of path dependency, of the ways history matters for the success of otherwise sound policies, and highlights structural hindrances to fast and successful transformation. Thence emerges the key concept of strain. The book addresses the question of how to create conditions for sustainable development in societies where these are lacking, and stresses the importance of institutional change. It also emphasises the role of sound banking institutions and proper regulations, the crucial issue of financial vulnerability and fragility, the role of reputation, means to fight non-payments, limit to optimal policies, etc. The author covers a broad international literature and relates it to his insights as a local observer, which delivers an interesting reading.

1. The Path of Transformation. Part 1. Institutional Change. 2. Transformation and the Legacy of Backwardness. 3. Economic Policy in Public Debate. 4. Finance in Romania’s Quest for Modernisation – the Interwar Period and the Present. 5. Institutions, Strain and the Underground Economy. Part 2. Macroeconomic Stabilisation and Restructuring. 5. The Changing Mix of Dis-equilibria during Transition – a Romanian Background. 7. Resource Misallocation and Strain – Explaining Shocks in Post-Command Economies. 8. Structure and Strain in Explaining Inter-Enterprise Arrears. 9. Stabilisation and Exchange Rate Policy in Romania. Part 3. Transformation and External Environment. 10. Europe Under a Double Challenge. 11. Judging Romania’s Way in a Comparative Framework. 12. The European Union and Eastern Enlargement – a Compounded Challenge.

Erscheinungsdatum	24.07.2019
Reihe/Serie	Routledge Revivals
Verlagsort	London
Sprache	englisch
Maße	152 x 219 mm
Gewicht	780 g
Themenwelt	Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	1-138-36501-7 / 1138365017
ISBN-13	978-1-138-36501-8 / 9781138365018
Zustand	Neuware