MacRoeconomic Management and the Enterprise in East and West (Vienna Institute for Comparative Economic Studies)

Profound changes beset the world economy today, both in the East and in the West. In the West economic strategies that proved effective during the postwar high-growth period have lost their bite. The centrally planned economies of the East, which used to rely on their formerly ample resources of labour, raw materials and energy, have reached the limits of extensive growth potential and have fallen behind the West in efficiency. New economic strategies, new policies and instruments both on the macro and micro levels, designed to tackle these problems are analyzed in this book by academics and practitioners from the West and the East.