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Adjustment, Structural Change, and Economic Efficiency by Jozef M. Van Brabant

Adjustment, Structural Change, and Economic Efficiency

by Jozef M. Van Brabant
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Book cover type: Hardcover
  • ISBN13: 9780521334556
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 502
  • Original Price: USD 112.0
  • Language: English
  • Edition: N/A
  • Item Weight: 781 grams
  • BISAC Subject(s): Money & Monetary Policy

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.

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