Stabilization and Privatization in Poland: An Economic Evaluation of the Shock Therapy Program

October 29, 2012|
Stabilization and Privatization in Poland: An Economic Evaluation of the Shock Therapy Program by K. Poznanski
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Stabilization and Privatization: An Economic Evaluation of the ShockTherapy Programis the first comprehensive account of Poland's economic transition since mid-1989. Monetary stabilization, trade liberalization (including convertibility) and privatization of state capital assets are discussed. Sources of economic recession which have accompanied the post-1989 transition are analyzed. The role of demand-side factors (i.e. monetary contraction) is weighed against that of supply-side factors (i.e. credit availability). The prevailing view is that the recession has been supply-type rather than demand-type. Economic performance has been impacted by the lack of a proper institutional framework (e.g. a segmented banking sector, diluted property rights). Arguments in favor of evolutionary reforms and market enhancing measures are presented.
Stabilization and Privatizationexamines the main components of Poland's shock therapy program implemented in 1990. Post-shock recession, lasting at least through 1992, is examined to establish whether a sharp decline in output was caused by excessive demand contraction or lack of accommodating credit policies. The merits of an evolutionary approach and a more proactive state are debated.
Title:Stabilization and Privatization in Poland: An Economic Evaluation of the Shock Therapy ProgramFormat:PaperbackProduct dimensions:272 pages, 9.45 X 6.3 X 0 inShipping dimensions:272 pages, 9.45 X 6.3 X 0 inPublished:October 29, 2012Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:9401049785

ISBN - 13:9789401049788

Appropriate for ages: All ages

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