The Economics of Post-communist Transition
The Economics of Post-communist Transition by Olivier Blanchard
English | 1 Sept. 1997 | ISBN: 0198293992, 019828926X | 162 Pages | PDF | 5 MB
English | 1 Sept. 1997 | ISBN: 0198293992, 019828926X | 162 Pages | PDF | 5 MB
This work examines the process of economic reform in five European countries - Poland, Hungary, the Czech and Slovak Republics, and Bulgaria. The author argues that two basic machanisms dominate transition. The first is the reallocation between the state sector and the private sector, with contraction of activities in the former and expansion in the latter.