Comparison of Communist and Capitalist Economies. Is "Shock Therapy" the Best Option during Transition?

Comparison of Communist and Capitalist Economies. Is
Author: Sanel Muranovic
Publisher: GRIN Verlag
Total Pages: 15
Release: 2016-11-07
Genre: Business & Economics
ISBN: 3668336164

Seminar paper from the year 2016 in the subject Economics - Other, grade: 2,00, University of Applied Sciences Vorarlberg, language: English, abstract: This paper compares and contrasts communist party and economic planning in a socialist system with the prices and the market in a capitalist economy. It discusses the successes, failures, effectiveness and flaws of each system in terms of economic and social aspects. Is shock therapy the right approach for a stable long term transition?

Adjustment, Structural Change, and Economic Efficiency

Adjustment, Structural Change, and Economic Efficiency
Author: Jozef M. van Brabant
Publisher: Cambridge University Press
Total Pages: 500
Release: 1987-12-25
Genre: Business & Economics
ISBN: 9780521334556

This 1988 book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). The chief purpose is two-fold: to assess thier adequacy in light of the forced economic adjustments of the early 1980s and to formulate feasible changes for both in order to avert a recurrence of such developmental obstacles. Jozef van Brabant argues that these instruments and institutions are inadequate. He proposes that a resumption of rapid growth depends largely upon bolstering factor productivity growth, which can only be achieved through positive structural changes and a root-and-branch reform of the individual and groupwide economic mechanisms.

The Planned Economies and International Economic Organizations

The Planned Economies and International Economic Organizations
Author: Jozef M. Brabant
Publisher: Cambridge University Press
Total Pages: 340
Release: 1991-04-26
Genre: Business & Economics
ISBN: 9780521383509

This is the first comprehensive study of the role of socialist countries within the international economic order. The author presents an overview of the emergence of the postwar economic order and examines the key features of three kinds of centrally planned economies. He then analyzes the role of financial frameworks and the international trade system in ensuring smooth economic relations among market-type economies and he details the problems of associating typical CPEs within them. Finally Jozef van Brabant explores the possibility of reconstituting a multilateral economic order that can provide greater security, predictability, stability and reliability in international economic relations. The Planned Economies and International Economic Organizations is written at a time when the Soviet Union and other centrally planned economies are seeking closer links with the mainstream world economy. It will therefore be of interest to governments and institutional economists as well as to students and specialists of Soviet and East European studies, international relations and comparative economics.

Comparative Socialist Systems

Comparative Socialist Systems
Author: Carmelo Mesa-Lago
Publisher:
Total Pages: 474
Release: 1975
Genre: Business & Economics
ISBN:

Anthology of essays comprising a comparison of politics and economics in socialist countries. Covers (1) theory, (incl. social indicators, classification schemes and models), (2) comparative political systems in Eastern Europe (incl. political parties, bureaucracy, cultural factors), (3) socialist economic systems (incl. aspects of the planned economy, trade, industrial policy, etc.), and (4) a view of the future.

Routledge Handbook of Contemporary North Korea

Routledge Handbook of Contemporary North Korea
Author: Adrian Buzo
Publisher: Routledge
Total Pages: 548
Release: 2020-11-22
Genre: History
ISBN: 0429803990

The Routledge Handbook of Contemporary North Korea presents a comprehensive picture of contemporary North Korea, placed in historical context and set against the overlapping fields of politics, economy, culture, society and foreign relations. Spanning a period of significant transition for North Korea, this volume provides accurate analysis and applications of both historical and institutional perspectives. The volume’s chapters are representative of the growth in North Korean studies that has occurred since the 1990s, in parallel with the growing maturity of the field in South Korea, as well as with far greater levels of access to North Korean sources. The volume is divided into five Parts, each reflecting an emergent area of debate and research: The political perspective The North Korean economy Foreign relations Society Culture This is the first anthology of North Korean studies to demonstrate a clear understanding of North Korea as North Korea, as opposed to a dimly perceived and threatening rogue state. It features both Korean and non-Korean contributors, many working from primary source material. As such, this handbook will prove a valuable resource to students and scholars of Northeast Asian studies, modern Korean history and politics, and comparative politics more broadly.

Varieties of Capitalism

Varieties of Capitalism
Author: Peter A. Hall
Publisher: Oxford University Press
Total Pages: 557
Release: 2001
Genre: Business & Economics
ISBN: 0199247749

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.