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基本説明
Examines the economic dynamics of Central and Eastern European post-Communist countries.
Full Description
Learn more about the transitional economies of Central and Eastern Europe!
This book examines the economic dynamics of Central and Eastern European post-Communist countries. It illuminates the paths these countries are taking toward restructuring their markets, increasing international trade, and bettering their connections with the European Union and other countries. Beginning with a comparative analysis of the three P-governmentsPigouvian, Partizan, and Paternalisticand continuing with a discussion of the interrelated political and economic difficulties of transition, author Bruno Sergi proposes a surprising solution. Inspired by the Bruxelles consensus, he proposes that the European Commission should become a fourth P-government, replacing the role formerly played by the Washington consensus in the restructuring of post-Communist economies.
Economic Dynamics in Transitional Economies also explores:
regional comparative macroeconomics
the aftereffects of the Washington Consensus
integration of Eastern and Western European economies
interrelations between national and regional monetary activity
political and economic policy reform
involvement of European Union member countries
We are living in historic times, and Economic Dynamics in Transitional Economies will be a welcome guide to the rough roads ahead. This thorough assessment of current political and economic realities will stimulate debate about new European paradigms, the role of the European Union, and the difficulties of post-Communist transition. These issues promise to be vital to the region's success in the new century.
Contents
Foreword
Preface
Acknowledgments
Abbreviations and Acronyms
Introduction
The Regional Context
The Purpose of This Book
Liberalization and Economic Hopes
Synopsis
Chapter 1. The Political Economy in Europe: The Three-P Governments
Introduction
A Formalized Methodology of Analysis
The Microfoundations of Monetary Games
Credibility and Inconsistency
Inconsistency and Institutional Devices Toward Credibility
The Eastern and Western Evidence
Chapter 2. Accepting a Challenge: Joining the Western European Club
Introduction
Interactions and Conflicts in Economic Choices
Structural Economic Convergence: An Alternative Approach
Trade and Financial Integration
Estimation Results
Toward a Political Economy of Integration
Chapter 3. Developments in Transitional Economies: Syndromes and Structural Breaks
Introduction
The Decisive Disputes
Economic Slumps and The Syndromes
The Underground Economy: A Syndrome?
The Other Syndromes
The Transformation up to the End of the 1990s
From the 1990s to an Economy Without Syndromes
Chapter 4. The Political Economy of Keynes, Schumpeter, and the Supply-Siders
Introduction
Provoking a Supply Response
Recovery Persistence
Common Fears
Political Economy Conclusions
Chapter 5. The Bruxelles Consensus and the Fourth-P Government
Introduction
The Definitive Issues
A New Consensus versus a Second Lab Experience
Is the Transformation Over?
The Fourth-P Government
A Paradigm for the Next Decade
Appendix. Relevant Internet Addresses: Widening of the EU's Boundaries
Notes
References
Index