economics - Mr Bello`s Blog
... Why is per capita GDP a better measure of development than GDP? Per capita GDP shows how much of the nation’s product is being created per person rather than the total production in the country. It can also indicate people’s living standard, depending on income distribution within the country. ...
... Why is per capita GDP a better measure of development than GDP? Per capita GDP shows how much of the nation’s product is being created per person rather than the total production in the country. It can also indicate people’s living standard, depending on income distribution within the country. ...
Chapter 1: The stylized facts of transition
... “The process from socialism to capitalism in former socialist economies” - Roland Gorbachev’s Perestroika Fall of the Berlin Wall in 1989 Collapse of communism and Soviet economic system A move from central plan to market economy Large-scale institutional change ...
... “The process from socialism to capitalism in former socialist economies” - Roland Gorbachev’s Perestroika Fall of the Berlin Wall in 1989 Collapse of communism and Soviet economic system A move from central plan to market economy Large-scale institutional change ...
EUROPEAN UNION AND CENTRAL AND EASTERN EUROPE
... - dramatic drop in consumer demand due to tight fiscal and monetary policies - real wages dropped by 25-30% in several countries staying low since then - state enterprises found themseves deprived of traditional subsidies while being offered little time to adapt to market competition - securing new ...
... - dramatic drop in consumer demand due to tight fiscal and monetary policies - real wages dropped by 25-30% in several countries staying low since then - state enterprises found themseves deprived of traditional subsidies while being offered little time to adapt to market competition - securing new ...
Russia - A Prosperous Country, But When?
... of reform and some incompetent reformers. The West is also to blame because its financial aid, while appearing to bolster political stability, was tied to the person of Yeltsin and in fact at best postponed economic collapse. On the threshold to the new millennium, the Russian economy still lacks a ...
... of reform and some incompetent reformers. The West is also to blame because its financial aid, while appearing to bolster political stability, was tied to the person of Yeltsin and in fact at best postponed economic collapse. On the threshold to the new millennium, the Russian economy still lacks a ...
Evolution by Region - Pennsylvania State University
... • Compelling issue of transition economics is that simply removing distortions and impediments to markets does not accomplish the task of economic renewal. – Institutional change is complex and painful ...
... • Compelling issue of transition economics is that simply removing distortions and impediments to markets does not accomplish the task of economic renewal. – Institutional change is complex and painful ...
Chapter 26.3
... destroyed roads, bridges, factories and other resources. They also left many workers dead. Farming is dangerous because of unexploded land mines left in the countryside. Some developing countries borrowed large sums of money to spur economic growth. Now they owe more money than the GDP they produc ...
... destroyed roads, bridges, factories and other resources. They also left many workers dead. Farming is dangerous because of unexploded land mines left in the countryside. Some developing countries borrowed large sums of money to spur economic growth. Now they owe more money than the GDP they produc ...
The Global Financial Crisis and Eastern Europe
... Causes? Partly due to economic/trade disintegration (CMEA, USSR, CSSR, Yugoslavia) today 29 countries in the EE region (instead of 9) Systemic vacuum: passage from a centralized administrative system to new market institutions disorganization and “chaos” But also wrong economic policies the hyp ...
... Causes? Partly due to economic/trade disintegration (CMEA, USSR, CSSR, Yugoslavia) today 29 countries in the EE region (instead of 9) Systemic vacuum: passage from a centralized administrative system to new market institutions disorganization and “chaos” But also wrong economic policies the hyp ...
View presentation
... • In 2001, Russia’s GDP had fallen by more than half since 1991. • Living g standards had seen a sharp p decline since the late 80s, – Falling g birth rate – Falling life expectancy ...
... • In 2001, Russia’s GDP had fallen by more than half since 1991. • Living g standards had seen a sharp p decline since the late 80s, – Falling g birth rate – Falling life expectancy ...
The Economics of Transition: Central and Eastern Europe
... – undermines interest rate as instrument of monetary policy ...
... – undermines interest rate as instrument of monetary policy ...