Adjustment, Structural Change, and Economic Efficiency (Hardcover) (ISBN-13: 9780521334556)

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.

Author: Jozef M. Van Brabant
ISBN-10: 0521334551
ISBN-13: 9780521334556
Publisher: Cambridge University Press
Language: English
Published: 12/25/1987
Pages: 502
Format: Hardcover
Weight: 1.72lbs
Size: 8.50h x 5.50w x 1.25d