The System of Structural Adjustment in Trade Dependent Small Centrally Planned Economies

Witold Trzeciakowski
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Witold Trzeciakowski: Polish Economic Society

Chapter 7 in Structural Adjustment in Developed Open Economies, 1985, pp 187-215 from Palgrave Macmillan

Abstract: Abstract There is an evident incompatibility between the necessity to open small centrally planned economies to trade and the rigidity of their structure of production and exports. In order to eliminate this rigidity and facilitate the processes of structural adjustment to the changing external conditions, small centrally planned economies must reform their system of planning and management. The paper deals with the question how to change this system and what are the problems encountered.

Keywords: National Economy; Foreign Trade; Shadow Price; Retail Prex; Shadow Prex (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-17919-0_7

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DOI: 10.1007/978-1-349-17919-0_7

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