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Book synopsis

This 1988 book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). The chief purpose is two-fold: to assess thier adequacy in light of the forced economic adjustments of the early 1980s and to formulate feasible changes for both in order to avert a recurrence of such developmental obstacles. Jozef van Brabant argues that these instruments and institutions are inadequate. He proposes that a resumption of rapid growth depends largely upon bolstering factor productivity growth, which can only be achieved through positive structural changes and a root-and-branch reform of the individual and groupwide economic mechanisms.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Adjustment, Structural Change, and Economic Efficiency
• Subtitle: Aspects of Monetary Cooperation in Eastern Europe
• Author: Jozef M. Brabant
• Language: English
• Binding: Hardback
• Number of pages: 502
• EAN: 9780521334556
• ISBN: 0521334551
• ID: 02027793
• Publisher: Cambridge University Press
• Weight: 725 g
• Dimensions: 216 × 140 × 33 mm
• Date of publishing: 25. December 1987

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