This paper examines policy responses to external shocks in socialist and in private market economies during the 1973-78 period. The distinction between the two groups is made on the basis of the ownerships of the means of production. The policies applied by Hungary and Yugoslavia in response to the external shocks resembled those of the invward-oriented newly industrializing countries (NICs); they contrast with those in the outward-oriented NICs...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1983/11/01
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Рабочий документ департамента
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DRD61
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1
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1
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2010/07/01
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Disclosed
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Adjustment to external shocks in socialist and private market economies
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market economy
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