Hardback
The Transition to a Market Economy
Transformation and Reform in the Baltic States
9781858983936 Edward Elgar Publishing
The Baltic countries of Estonia, Lithuania and Latvia were pioneers among the former Soviet republics in implementing political and economic reforms. Starting in 1988, the transition process in these three countries has been rapid and demonstrates the key role of economic issues in the reform process.
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Critical Acclaim
Contents
More Information
The Baltic countries of Estonia, Lithuania and Latvia were pioneers among the former Soviet republics in implementing political and economic reforms. Starting in 1988, the transition process in these three countries has been rapid and demonstrates the key role of economic issues in the reform process.
In this important new book, a distinguished group of contributors assesses the current situation and highlights certain theoretical features of the transformation process. They conclude that the Baltic States have, for the moment, succeeded in their aim of stabilizing both the domestic price level and the exchange rate by a combination of responsible fiscal policy and adaptation of a pegged, undervalued exchange rate.
In this important new book, a distinguished group of contributors assesses the current situation and highlights certain theoretical features of the transformation process. They conclude that the Baltic States have, for the moment, succeeded in their aim of stabilizing both the domestic price level and the exchange rate by a combination of responsible fiscal policy and adaptation of a pegged, undervalued exchange rate.
Critical Acclaim
‘. . . this book does provide some interesting work and some controversial views.’
– Peter Westin, The Slavonic Review
– Peter Westin, The Slavonic Review
Contents
Contents: 1. Introduction (T. Haavisto) 2. A Comparative Analysis of the Economic Transition in the Baltic Countries – Barriers, Strategies, Perspectives (N. Mygind) 3. Introducing New Currencies in the Baltic Countries (S. Lainela, P. Sutela) 4. Public Sector Development: Difficulties and Restrictions (H. Aage) 5. The Future Trade Opportunities of the Baltic Republics (T. Wergeland) 6. State-Owned Enterprises after Socialism: Why and How to Privatize them Rapidly (P. Pelikan) 7. Investment Incentives in the Formerly Planned Economies (G. Eliasson) 8. Structural Adjustment, Efficiency and Economic Growth (T. Gylfason) 9. The Role of Institutions in the Transition to a Market Economy (M.D. Intriligator) 10. Introducing New Currencies in the Baltic Countries: A Comment (T.M. Rybczynski) 11. Eastern Europe in Transition (O. Kyn) Index
