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Market Failure: A Guide to Eastern Europe's "Economic Miracle"

Market Failure: A Guide to Eastern Europe's "Economic Miracle"

ISBN: 9780745308852
Publisher: Pluto Press
Publication Date: 1998-01-01
Number of pages: 216
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.

During the 1980s, there was increasing pressure exerted on various Eastern European societies to "structurally adjust" their economies to the international market. The authors of this text argue that this process did not deliver any of the benefits which were promised - rather a structural economic crisis has been transmitted to the region. Why is this reform process failing? Starting from a non-technical viewpoint, the theoretical and practical inadequacies of present policies are analyzed, providing pointers to the kinds of policies which might provide a more rational alternative.

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