
Transformation of Economy as a Real Process
An Insider's Perspective
Daniel Daianu(Author)
Routledge (Publisher)
1st Edition
Published on 26. February 2020
Book
Paperback/Softback
324 pages
978-1-138-36503-2 (ISBN)
Description
First published in 1998, this volume is a contribution to the economic analysis of post-communist transformation in an evolutionary-institutionalist approach. The author shows convincingly the role of path dependency, of the ways history matters for the success of otherwise sound policies, and highlights structural hindrances to fast and successful transformation. Thence emerges the key concept of strain. The book addresses the question of how to create conditions for sustainable development in societies where these are lacking, and stresses the importance of institutional change. It also emphasises the role of sound banking institutions and proper regulations, the crucial issue of financial vulnerability and fragility, the role of reputation, means to fight non-payments, limit to optimal policies, etc. The author covers a broad international literature and relates it to his insights as a local observer, which delivers an interesting reading.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Dimensions
Height: 217 mm
Width: 150 mm
Weight
453 gr
ISBN-13
978-1-138-36503-2 (9781138365032)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Book
06/2019
1st Edition
Routledge
€133.91
Shipment within 10-20 days

E-Book
12/2018
1st Edition
Routledge
€10.49
Available for download

E-Book
12/2018
1st Edition
Routledge
€10.49
Available for download
Content
1. The Path of Transformation. Part 1. Institutional Change. 2. Transformation and the Legacy of Backwardness. 3. Economic Policy in Public Debate. 4. Finance in Romania's Quest for Modernisation - the Interwar Period and the Present. 5. Institutions, Strain and the Underground Economy. Part 2. Macroeconomic Stabilisation and Restructuring. 5. The Changing Mix of Dis-equilibria during Transition - a Romanian Background. 7. Resource Misallocation and Strain - Explaining Shocks in Post-Command Economies. 8. Structure and Strain in Explaining Inter-Enterprise Arrears. 9. Stabilisation and Exchange Rate Policy in Romania. Part 3. Transformation and External Environment. 10. Europe Under a Double Challenge. 11. Judging Romania's Way in a Comparative Framework. 12. The European Union and Eastern Enlargement - a Compounded Challenge.