Description

This book examines the instruments for decision coordination within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). In light of the forcedeconomic adjustments of the early 1980s, Jozef van Brabant offers this study of the centrally planned economies and the inadequacy of their coordination mechanisms. He proposes that a resumption of faster growth depends largely upon increasing the pace of factor productivity growth--something that can only be achieved through structural change and a reform of the economic mechanism.
  • ISBN13: 9780521334556
  • Publisher: Cambridge University Press
  • Pubilcation Year: 2012
  • Format: Hardcover
  • Pages: 00502
Specifications
FormatHardcover
SeriesSeminar Series / Society for Experimental Biology
Publication DateJanuary 13, 2012
Primary CategoryBusiness & Economics/Money & Monetary Policy

Adjustment, Structural Change, and Economic Efficiency

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