{"product_id":"stabilization-and-privatization-in-poland-an-economic-evaluation-of-the-shock-therapy-program-von-k-poznanski-hrsg","title":"Stabilization and Privatization in Poland","description":"\n                \u003cem\u003eStabilization and Privatization: An Economic Evaluation of  the Shock\u003c\/em\u003e \u003cem\u003eTherapy Program\u003c\/em\u003e is the first comprehensive account  of Poland's economic transition since mid-1989. Monetary  stabilization, trade liberalization (including convertibility) and  privatization of state capital assets are discussed. Sources of  economic recession which have accompanied the post-1989 transition are  analyzed. The role of demand-side factors (i.e. monetary contraction)  is weighed against that of supply-side factors (i.e. credit  availability). The prevailing view is that the recession has been  supply-type rather than demand-type. Economic performance has been  impacted by the lack of a proper institutional framework (e.g. a  segmented banking sector, diluted property rights). Arguments in favor  of evolutionary reforms and market enhancing measures are  presented.\u003cbr\u003e  \u003cem\u003eStabilization and Privatization\u003c\/em\u003e examines the main components of  Poland's shock therapy program implemented in 1990. Post-shock  recession, lasting at least through 1992, is examined to establish  whether a sharp decline in output was caused by excessive demand  contraction or lack of accommodating credit policies. The merits of an  evolutionary approach and a more proactive state are debated.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9789401049788\"\u003e\u003ch3\u003eAn Economic Evaluation of the Shock Therapy Program\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9789401049788","offer_id":39462742589533,"sku":"9789401049788","price":106.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/8f5bfba7-7747-4a29-a9fb-ad6577b330cb.jpg?v=1761719857","url":"https:\/\/shop.autorenwelt.de\/products\/stabilization-and-privatization-in-poland-an-economic-evaluation-of-the-shock-therapy-program-von-k-poznanski-hrsg","provider":"Autorenwelt Shop","version":"1.0","type":"link"}