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Transformation of Economy as a Real Process: An Insider's Perspective

Daniel Daianu

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Routledge
26 February 2020
Economics; Economic theory & philosophy; Political economy; Economic history
First published in 1998, this volume is a contribution to the economic analysis of post-communist transformation in an evolutionary-institutionalist approach. The author shows convincingly the role of path dependency, of the ways history matters for the success of otherwise sound policies, and highlights structural hindrances to fast and successful transformation. Thence emerges the key concept of strain. The book addresses the question of how to create conditions for sustainable development in societies where these are lacking, and stresses the importance of institutional change. It also emphasises the role of sound banking institutions and proper regulations, the crucial issue of financial vulnerability and fragility, the role of reputation, means to fight non-payments, limit to optimal policies, etc. The author covers a broad international literature and relates it to his insights as a local observer, which delivers an interesting reading.
By:   Daniel Daianu
Imprint:   Routledge
Country of Publication:   United Kingdom
Weight:   617g
ISBN:   9781138365032
ISBN 10:   1138365033
Series:   Routledge Revivals
Pages:   324
Publication Date:   26 February 2020
Audience:   College/higher education ,  Primary
Format:   Paperback
Publisher's Status:   Active

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