{"product_id":"9789401049788","title":"Stabilization and Privatization in Poland: An Economic Evaluation of the Shock Therapy Program","description":"\u003ch1\u003eStabilization and Privatization in Poland: An Economic Evaluation of the Shock Therapy Program\u003c\/h1\u003e \u003ch2\u003ePoznanski, K.\u003c\/h2\u003e \u003cp\u003e\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.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-10-29\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9789401049788\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-94-011-2206-1\u003c\/p\u003e \u003cp\u003eDimensions: 240cm x160cm\u003c\/p\u003e \u003cp\u003ePages: 272\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44398596948108,"sku":"9789401049788","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9789401049788.jpg?v=1755438648","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9789401049788","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}