Adjustment, Structural Change, and Economic Efficiency: Aspects of Monetary Cooperation in Eastern Europe

by Jozef M. van Brabant

Overview

This book examines the instruments for decision coordination within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). In light of the forcedeconomic adjustments of the early 1980s, Jozef van Brabant offers this study of the centrally planned economies and the inadequacy of their coordination mechanisms. He proposes that a resumption of faster growth depends largely upon increasing the pace of factor productivity growth—something that can only be achieved through structural change and a reform of the economic mechanism.

Product Details

ISBN-13:	9780521334556
Publisher:	Cambridge University Press
Publication date:	12/25/1987
Series:	Cambridge Russian, Soviet and Post-Soviet Studies , #58
Pages:	502
Product dimensions:	5.51(w) x 8.50(h) x 1.26(d)

Table of Contents

List of figures and tables; Preface; Notes on transliteration, referencing, and units; List of abbreviations; Introduction; Part I. The Environment of Socialist Economic Integration: 1. Socialist economic integration in perspective; 2. The CMEA's organization and policy programs; 3. Adjustment policies in perspective; Part II. Indirect Coordination Instruments and Supporting Institutions: 4. Socialist trade prices and CMEA cooperation; 5. Domestic prices, structural adjustment, and economic reform; 6. Exchange rates and foreign exchange policies; 7. Eastern Europe in the world monetary system; 8. The CMEA's nascent monetary system and the common banks; 9. Factor mobility and investment coordination; 10. The International Investment Bank; 11. National and regional convertibility in the CMEA; Part III. A Development and Integration Scenario: 12. Socialist economic integration and East-West relations in the late 1980s and beyond; Notes; Bibliography; Index.