The political economy of transition : coming to grips with history and methodology /
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| Author / Creator: | Brabant, Jozef M. van. |
|---|---|
| Imprint: | London ; New York : Routledge, 1998. |
| Description: | xvi, 559 p. ; 24 cm. |
| Language: | English |
| Series: | Routledge studies of societies in transition ; 7 |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/3193633 |
Table of Contents:
- Preface
- Acronyms
- List of Tables
- Introduction - The essence of the transition and economic transformation
- Principal purposes of this monograph
- Ideology and economic analysis
- Terminological conventions
- Measurement problems during the transition
- A road map
- Part I. History, starting conditions and transformation tasks
- 1. Historical backdrop
- i. History and ideology
- ii. The ideology of communism and core precepts of economic development
- iii. The communist strategy of industrial development
- iv. The orthodox economic model
- v. Economic policies of state socialism
- vi. The institutional infrastructure of the state-socialist economy
- Conclusions
- 2. Reform tinkering and the starting conditions of transition
- i. The treadmill of administrative and organizational reforms
- ii. Policy dilemmas and macroeconomic imbalances in the 1980s
- iii. The multifaceted origin of state socialism's collapse
- iv. On starting conditions of economic transformation
- Conclusions
- 3. The market economy and the transformation agenda
- i. Shock therapy versus gradualism - a pointless debate?
- ii. The market as social institution
- iii. A taxonomic framework
- iv. Intermediation, markets and transformation
- v. Coordinational failures
- vi. Comprehensiveness, speed and sequencing
- vii. Critical instances of uncertainty
- viii. Knowledge and information in formulating transformation policies
- ix. Success and failure with transformation policies
- Conclusions
- Part II. Components of the transformation agenda
- 4. Stabilization as an early policy task
- i. The need for stabilization and macroeconomic prudence
- ii. The initial approach chosen in transition economies
- iii. Money as an instrument and weapon
- iv. Main features of a current board
- v. Stabilization programs
- vi. Monetary policy and instruments during transformation
- vii. Fiscal policy and instruments during transformation
- Conclusions
- 5. Internal and external liberalization
- i. Coordination in a market environment
- ii. Prices of goods and services
- iii. Fostering competition
- iv. Abolition of the MFT and its implications
- v. Instruments of trade policy
- vi. Managing the exchange rate
- vii. Outcomes of privatization
- viii. The remaining problems with privatization
- Conclusions
- 7. The role of institutions in a market economy
- i. On the institutions of a functioning market economy
- ii. Property rights
- iii. The legal foundations of the market
- iv. Commercial banking
- v. Capital, credit and risk markets
- vi. Labor market
- vii. Information, the market and the state
- viii. Governance
- Conclusions
- 8. Transformation and the sociopolitical consensus
- i. Shrinking social security - expectations and realities
- ii. Reaching and sustaining the consensus
- iii. Governing the transition
- iv. Overfull employment as a legacy for transition
- v. Salient features of labor markets in transformation
- vi. Social services and rearranging property rights
- vii. Pension reform
- viii. Budgetary policies, social security and human capital
- ix. Corruption, crime and personal insecurity
- Conclusions
- 9. The evolving role of the state during transformation
- i. The broad role of the state in transition
- ii. The state as market organizer
- iii. Economic theory and the state
- iv. The state as producer and the future of SOEs
- v. The desirable role of the state during the transition
- viii. Improving governance capabilities
- Conclusions
- Part III. Toward sustainable growth and global integration
- 10. Transformation and integration into the world economy
- i. Integrating into the global economy - its meanings
- ii. Multilateral institutional integration
- iii. Universalism and systematic differences
- iv. The desirability of joining the IEOs
- v. The TNCs, modernization and the transformation
- vi. The transition economics and the EU
- Conclusions
- 11. Transformation and international assistance
- ii. The case for assisting the transition economies
- iii. Institutional arrangements for assistance delive