Eastern Europe in a Time of Change: Economic and Political Dimensions

By Iliana Zloch-Christy | Go to book overview

4

Economic Development Strategies
Will political development materially affect the rate of economic growth in the region? What are the possible economic development scenarios in Eastern Europe in the first half of the 1990s?

ECONOMIC GROWTH PROSPECTS
Many people are deeply concerned about political developments in Eastern Europe and the former Soviet Union. Political development is, of course, important in its own right, since as Evsey Domar stresses, "economic change without political change is impossible" ( 1989, p. 13). However, it is unlikely to have much effect on the rate of economic growth and economic development strategies in the 1990s. The major factors that will affect economic growth in the region are:
Human resources (labor supply, education, discipline, motivation)
Natural resources (land, minerals, fuels, climate)
Capital formation (machines, factories, roads)
Technology (science, engineering, management, entrepreneurship)

-65-

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Eastern Europe in a Time of Change: Economic and Political Dimensions
Table of contents

Table of contents

  • Title Page iii
  • Contents vii
  • Acknowledgments ix
  • List of Abbreviations xi
  • Introduction xiii
  • 1 - Eastern Europe on a Road Toward Radical Change 1
  • 2 - Economic Transformation in Eastern Europe and the Former Soviet Union 13
  • 3 - Economic Reform and Political Change 29
  • 4 65
  • 5 - Currency Convertibility in the Postcommunist Economies 79
  • Conclusion 111
  • Notes 115
  • Appendix 123
  • References 133
  • Index 137
  • About the Author 145
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