1995 Fiscal Year Final Research Report Summary
THE TRANSITION TO A MARKET ECONOMY,AND REPRODUCTION AND FLOW-OF-FUNDS MECHANISM
| Project/Area Number |
06803003
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| Research Category |
Grant-in-Aid for General Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Research Field |
経済理論
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| Research Institution | KOBE UNIVERSITY |
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Principal Investigator |
FUKUDA Wataru KOBE UNIV., ECONOMICS,PROFESSOR, 経済学部, 教授 (00030669)
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| Project Period (FY) |
1994 – 1995
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| Keywords | SYSTEMIC TRANSFORMATION / TRANSITION TO MARKET ECONOMY / REPRODUCTION MECHAMISM / FLOW OF FUNDS MECHANISM / FINANCIAL REFORM / RUSSIA AND EASTERN EUROPE |
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| Research Abstract |
It is well known that the transition to a market economy which is now going on in the former Soviet and Eastern European countries continues to face much more serious obstacles than initially expected. The author attempted to single out the factors that contributed to the difficutlies, which are divided into three main groups ; (1) adversity of the international situation, (2) insufficient recognition of the width and depth of the tasks, (3) invalidity of strategies and policies chosen.
In order to find an effective way out of such difficulties, he noticed to the fundamental importance of a financial reform and argued that the highest priority should be given to the reform of a financial sector, among other things, a banking sector.
Finally, he evaluated the transition policies followed in three Central European countries, that is, Poland, Czech Republic, and Hungary, calling into question the dichotomous view of "shock therapy, or radicalism versus gradualism."
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Research Products
(8 results)
