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Institutions, Transition Economies, And Economic Development

Institutions, Transition Economies, And Economic Development
Author: Tim Yeager
Publisher: Routledge
Total Pages: 184
Release: 2018-02-07
Genre: Political Science
ISBN: 0429968310

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Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager's Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.


Institutions, Transition Economies, and Economic Development

Institutions, Transition Economies, and Economic Development
Author: Timothy J. Yeager
Publisher:
Total Pages: 166
Release: 1999
Genre: Business & Economics
ISBN: 9780813335735

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Why are some nations wealthy while others are desperately poor? Despite the rapid advancement of technology and the free flow of information provided by computers, many poor nations are falling further behind the wealthy nations of the world. Why is it that these poorer nations cannot catch up? Until recently, economic theory provided limited help in answering these questions. But the New Institutional Economics, a rapidly growing body of economic theory, may provide the answers. Timothy Yeager’s Institutions, Transition Economies, and Economic Development clearly explains the New Institutional Economics, and applies its tenets to the transition economies of Poland and Russia. Readers will gain a perspective on transition and developing economies that has never been explored before in a single book.


Institution Building and Growth in Transition Economies

Institution Building and Growth in Transition Economies
Author: Thorsten Beck
Publisher: World Bank Publications
Total Pages: 54
Release: 2005
Genre: Asia, Central
ISBN:

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Abstract: "Drawing on the recent literature on economic institutions and the origins of economic development, the authors offer a political economy explanation of why institution building has varied so much across transition economies. They identify dependence on natural resources and the historical experience of these countries during socialism as major determinants of institution building during transition by influencing the political structure and process during the initial years. Their empirical analysis shows that countries that are more reliant on natural resources and spent a longer time under socialist governments are more likely to see former communists remain in power and to start the transition process with less open political systems, with negative repercussions for the development of market-compatible institutions. Using natural resource reliance and the years under socialism to extract the exogenous component of institution building, the authors also show the importance of institutions in explaining the variation in economic development and growth across transition economies during the first decade of transition."--World Bank web site.


Economic Development and Transition

Economic Development and Transition
Author: Justin Yifu Lin
Publisher: Cambridge University Press
Total Pages: 171
Release: 2009-02-12
Genre: Business & Economics
ISBN: 1139475517

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In Economic Development and Transition, renowned development economist Justin Yifu Lin argues that economic performance in developing countries depends largely on government strategy. If the government plays a facilitating role, enabling firms to exploit the economy's comparative advantages, its economy will develop successfully. However, governments in most developing countries attempt to promote industries that go against their comparative advantages by creating various kinds of distortion to protect nonviable firms in priority industries. Failing to recognize the original intention of many distortions, most governments in transition economies attempt to eliminate those distortions without addressing firms' viability problems, causing economic performance to deteriorate in their transition process. Governments in successful transition economies adopt a pragmatic dual-track approach that encourages firms to enter sectors that were suppressed previously and gives necessary support to firms in priority industries before their viability issue is addressed.


Economic Growth and Structural Features of Transition

Economic Growth and Structural Features of Transition
Author: E. Marelli
Publisher: Springer
Total Pages: 327
Release: 2010-01-20
Genre: Business & Economics
ISBN: 0230277403

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This book examines, theoretically and empirically, the key aspects and differences of economic growth. It provides a comprehensive investigation of the numerous features of development in transition countries, covering the last two decades, from the fall of the Berlin Wall in 1989 to the current financial crisis.


Economies in Transition

Economies in Transition
Author: G. Roland
Publisher: Springer
Total Pages: 465
Release: 2011-12-13
Genre: Business & Economics
ISBN: 0230361838

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The twentieth anniversary of the fall of the Berlin Wall saw many reflect on the political, economic and social changes of recent years. The legacy of communism and the economic prospects of post-communist countries are rigorously analysed in this stimulating study of the long term consequences of transition.


Circumstance and Choice

Circumstance and Choice
Author:
Publisher: World Bank Publications
Total Pages: 60
Release: 1997
Genre: Asia
ISBN:

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Economies in Transition

Economies in Transition
Author: Allan E. Young
Publisher: World Scientific
Total Pages: 446
Release: 2002
Genre: Business & Economics
ISBN: 9789810248734

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To date, the record of economic transition has decidedly been mixed. The worldwide political climate is still in favor of economic reform and the process continues to have considerable momentum. On the other hand, this process now faces a number of formidable obstacles. There appears to be general agreement that in many countries the promise of a better standard of living which economic transition offers to the mass of the citizenry has failed to produce the rapid and dramatic results hoped for. There is an increasing conflict of interest between multinational firms and the national business community. Moreover, many transition economies have experienced a slowing of economic growth in real terms and social services have been severely cut.This book deals with the development of those forces that have played a major role in the successes and failures of economic transition. Its distinctive feature is that it does this from the perspective of economic, political and social analysis, taking into account both theoretical constructs and economic realities for those countries which have attempted the grand experiment with economic transition.