The Political Economy of Transition: International trade, factor market imperfections, and structural adjustment (Gabler Edition Wissenschaft) (German Edition)

Ten years after the start of transition in Central and Eastern Europe the initial euphoria has given way to wide-spread disillusionment. Virtually all former socialist economies have gone through a deep economic recession with a collapse in output, falling real incomes, and a surge in unemployment. Norbert Wunner presents an analysis of the main factors which have contributed to this slow and painful structural adjustment process and to the delay of economic reforms in transition countries from a political economy perspective. Front Matter....Pages I-XIII Introduction....Pages 1-7 Front Matter....Pages 9-9 Stylised facts....Pages 11-33 Transition in Eastern Europe: What are the issues?....Pages 35-63 Economic theory and transition....Pages 65-86 Front Matter....Pages 87-87 Economic restructuring and labour re-allocation....Pages 89-137 Capital markets and transition....Pages 139-196 Conclusions....Pages 197-200 Back Matter....Pages 201-217