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The Transformation of Economic Systems in Central Europe
Studies in Comparative Economic Systems
This important, original book focuses on the transformation of economic systems in Central Europe. It provides a comprehensive overview of different theoretical approaches to transformation - neoclassical, post Keynesian and Austrian. In the light of this theoretical discussion, it reconsiders the transformation policies applied in the Czech and Slovak Republics, Hungary and Poland. Dr Hoen challenges the dichotomous 'shock-versus-gradualism' dispute, which he believes blurs the key elements of the transformation from a centrally planned to a market economy. He also maintains that the labels generally attached to the transformation strategies in Central Europe are inappropriate and misleading. Hungary's transformation to a market economy, for example, is to be qualified as a 'hidden shock' rather than as an example of 'gradualism'. This up-to-date new book, which theoretically explains the diverging paths of transformation in Central Europe will be of interest to researchers, students, policymakers and all those concerned with European integration and international relations.
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What Reviewers Are Saying
'The Hoen book is a first class study and deserves warm welcome ... This book is a contribution to the study of the post-communist world in the well-received Edward Elgar Publishing series on comparative economic systems.' -- Iliana Zloch-Christy, Journal of Comparative Economics 'I recommend this book to all those interested in the changes taking place in the former socialist countries of Eastern Europe as it provides useful country-by-country analyses and explanations, and a basis for comparison with those former socialist countries of Eastern Europe which are following a different pace of transformation and preparation for membership of the European Union... the book will be useful to all of those interested in European integration as it provides information on the starting points, paths, and comparative rates of transformation from East European socialism to West European integration.' -- Malcolm Hill, Journal of European Area Studies 'Hoen provides an innovative, skillfully presented analysis of four major Central European economies which should be of interest to those readers seeking a political economy analysis of the transformation that emphasizes the importance of external economic relations.' -- James Angresano, Economic Systems