Mixed Economies in Europe: An Evolutionary Perspective on Their Emergence, Transition and Regulation
Wolfgang Blaas, John L. Foster
Edward Elgar Pub, 1992 - Political Science - 302 pages
This book gives a good overview of the diversity of the current research agenda of evolutionary economics. X. De Vanssay, Journal of European Integration The end of the cold war has created a new and unprecedented type of mixed economy in Eastern Europe. This innovative up-to-date book questions whether the former Eastern block countries will follow the path of West European mixed economies, or if a quite different economic system will emerge. Mixed Economies in Europe presents new work by distinguished authors who offer an evolutionary perspective on the dynamics of mixed economies. In so doing, they provide a unique, policy-orientated assessment of the formation and transformation of mixed economies in both Eastern and Western Europe. In particular, they emphasise the importance of institutional arrangements and regulatory frameworks. The book shows that the liberalization of markets, both within and between European countries has led, in many cases, to a divergence of economic performance across regions and is likely to continue to do so in the future. This raises policy considerations for the EC and its constituent governments which have not, as yet, been adequately addressed.
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Asian NICs Austrian Industries Balcerowicz plan basic behaviour capital cent centrally planned command economy comparative advantages competitive concept corporations currency Czechoslovakia deficit demand developed disintegration dynamic Eastern Europe EC countries economic competence economists effects enterprises equation evolutionary exchange rate existing factors Figure firms Germany Greece growth rate differential Hungary Hungary and Poland impact important income increase indicators individual inflation influence innovation institutions interaction interests investment Italy Kornai labour liberalization macroeconomic market economy mixed economies monetary need satisfaction neo-liberal nomic OECD output ownership perspective Poland Polish political Portugal position post-socialist postmodernism problems product group programme reform relation Resource-intensive result Scale-intensive Science-based sectors share shock therapy social socialist Spain specialized suppliers stabilization policy strategy structure supply response systemic vacuum Table technological theory tion trade balance trade performance traditional transaction costs transition unemployment United Kingdom wages West Germany western
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