search query: @author Rosefielde, S. / total: 4
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| Author: | Rosefielde, S. Mills, D.Q. |
| Title: | Transition shock: can the East get there from here? |
| Journal: | California Management Review
1990 : SUMMER, VOL. 32:4, p. 9-21 |
| Index terms: | ECONOMIC GROWTH EUROPE, EAST |
| Language: | eng |
| Abstract: | Eastern Europe and the Soviet Union seem poised to abandon administrative-command planning and embrace market socialism. However, using the Soviet Union as a case in point, careful analysis of all plausible transition paths from the current system to Western-style markets suggests that prospects for success are dim. The programs of political liberalization are on a collision course with the immediate possibilities for fundamental economic change. Arguments are provided that the political instability of this region will remain for a long time and without massive foreign assistance the Eastern nations cannot utilize the credits effectively. The issues of private investment and governmental aid are considered. |
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