Regional Price Formation in Eastern Europe


Book Description

This monograph presents a detailed examination of a variety of issues pertain ing to pricing in the context of the Council for Mutual Economic Assistance (CMEA), a designation that I much prefer over Comecon. It situates itself within the contours of the pricing problematique that I have recently analyzed as one component of the broader aspects of monetary cooperation, essentially among the Eastern European countries (see Chapters 4 and 5 of Brabant, 1987). The suggestion that I elaborate in detail on the circumstances under which prices for regional trade within the framework of the CMEA are determined was 'strongly' urged by an anonymous referee of Brabant (1986b) and Josef Brada, the editor of Journal of Comparative Economics. Both evidently felt that the comparatively commodity-specific pricing issues that I have presented piecemeal in half a dozen articles or so since 1984 had remained too narrow, largely configured as they inevitably were by the empirical findings of exercises applied to a small number of commodities, as discussed here in Chapter 7. Under the circumstances, I saw little point in attempting to set forth these in tricate issues in a comprehensive framework. Perhaps the central motivation was that many of the regional pricing issues in the CMEA have, by and large, remained quite obscure and intractable. They might be crucial determinants in some isolated cases, as I was trying to verify.







Skills, Not Just Diplomas


Book Description

Future growth in the countries in Eastern Europe and Central Asia (ECA) will increasingly depend on innovation. And innovation requires skills. This makes it important, as countries plan for recovery, to undertake reforms to reduce the skills shortages that the previous growth episode exposed. Education systems have a very important role to play in creating the right skills. But education systems in the region fall short of the demands of their economies in two major ways. The first is that despite high levels of enrollment they do not produce enough graduates with the right skills. Students graduate with diplomas, not with skills, because the quality of the education for many students is poor. In large part this is because education systems remain focused on providing an excellent education to a few at the expense of improving the quality of learning for the majority. Moreover, the systems are still making the transition from teaching the basics to inculcating higher order skills such as critical-thinking and problem solving. The second way in which education systems fall short is that outside of a few countries in the EU there are few opportunities for adults to retrain, or acquire new skills. This book argues that generating more of the right skills requires a fundamental change of approach in the education systems in the region so that they aim for, and deliver, higher quality education for the vast majority of students (“not just diplomas but skills”). To start with, education systems need to “turn the lights on” and take seriously the measurement of what students actually learn as opposed to measurement of the inputs into the education process on the implicit assumption that learning follows. Policy makers also need to move away from the focus on inputs and processes and increase the emphasis on incentives.




Regional Price Formation in Eastern Europe


Book Description

This monograph presents a detailed examination of a variety of issues pertain ing to pricing in the context of the Council for Mutual Economic Assistance (CMEA), a designation that I much prefer over Comecon. It situates itself within the contours of the pricing problematique that I have recently analyzed as one component of the broader aspects of monetary cooperation, essentially among the Eastern European countries (see Chapters 4 and 5 of Brabant, 1987). The suggestion that I elaborate in detail on the circumstances under which prices for regional trade within the framework of the CMEA are determined was 'strongly' urged by an anonymous referee of Brabant (1986b) and Josef Brada, the editor of Journal of Comparative Economics. Both evidently felt that the comparatively commodity-specific pricing issues that I have presented piecemeal in half a dozen articles or so since 1984 had remained too narrow, largely configured as they inevitably were by the empirical findings of exercises applied to a small number of commodities, as discussed here in Chapter 7. Under the circumstances, I saw little point in attempting to set forth these in tricate issues in a comprehensive framework. Perhaps the central motivation was that many of the regional pricing issues in the CMEA have, by and large, remained quite obscure and intractable. They might be crucial determinants in some isolated cases, as I was trying to verify.




Privatization of Urban Land in Shanghai


Book Description

This book provides researchers and practitioners with an informed study of the land and real estate market in Shanghai. While, there are a number of well-researched books devoted to studying the economic consequences of China's transition to the capitalist market system, few are written about the country's privatization of land control. This book fills the gap by examining the land market mechanism arising from the land use rights reform in Shanghai, which has important implications for real estate development in China as a whole.




Urban Land Reform in China


Book Description

Provides an authoritative account of urban land reform in China, which is unique in merging the existing socialist landowner system with market mechanisms. The book starts with an historical account of the land tenure system in China followed by discussions of the reform within its legal, administrative and financial frameworks.




The Great Wave


Book Description

Fischer has examined price records in many nations, and finds that great waves of rising prices in the 13th-, 16th-, 18th-, and 20th centuries were all marked by price swings of increasing volatility, falling wages, a growing gap between rich and poor, and an increase in violent crime, family disintegration, and cultural despair. 109 graphs & charts. 7 maps.







The Impact of China's Economic Reforms Upon Land, Property and Construction


Book Description

First published in 1999, this volume aims to explore the impact of China’s recent economic reforms and dynamic economic progress on land use, the property market and construction activity under the leadership of Deng Xiaoping until his death in 1997. Following the famine and bloody mayhem of Mao Zedong’s Great Leap Forward and Cultural Revolution, Deng Xiaoping took on the task of piecing the country back together to once more become a leading world economy. Here, Jean Jinghan Chen and David Wills concentrate on his reforms and progress, examining at what point power can be said to have passed from Deng Xiaoping to Jiang Zemin, to what extent Deng’s political philosophy remained in place under the new government and what this means for China’s economic reforms on land, property and construction. The authors provide a view on how management of the physical environment needs to be considered in the context of economic progress to achieve sustainable development.




Development Appraisal of Land in Hong Kong


Book Description

This book provides the market and the profession an overall view of the land management system in Hong Kong by presenting a combination of both factual account of the system and practice as well as some academic and theoretical discussion of the application of development appraisal models. The author discusses various basic appraisal models and gives his views on the future development of cash flow model to be applied in land. This is not only a useful guide to investors investing in Hong Kong, but also an important reference for development appraisal taking place in a similar land market, Mainland China.