Adjustment to external shocks in socialist and private market economies (English)

This paper examines policy responses to external shocks in socialist and in private market economies during the 1973-78 period. The distinction between the two groups is made on the basis of the ownerships of the means of production. The policies applied by Hungary and Yugoslavia in response to the external shocks resembled those of the invward-oriented newly industrializing countries (NICs); they contrast with those in the outward-oriented NICs...

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Author

Balassa,Bela;

Tyson, Laura;
Document Date
1983/11/01
Document Type
Departmental Working Paper
Report Number
DRD61
Volume No
1
Total Volume(s)
1
Country
Hungary, Serbia,
Region
Europe and Central Asia,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Adjustment to external shocks in socialist and private market economies
Keywords
market economy

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Citation

Balassa,Bela; Tyson, Laura.

Adjustment to external shocks in socialist and private market economies (English). Development Research Department discussion paper ; no. DRD 61 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/393441468252017656

Adjustment to external shocks in socialist and private market economies (English)

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