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Modernizing Infrastructure In Transformation Economies |
Christian von Hirschhausen, Assistant Professor of Economics, Berlin University of Technology (TU Berlin) and Senior Researcher, DIW Berlin (German Institute for Economic Research), Germany
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| 2002 |
288 pp |
Hardback |
978 1 84376 113 6 |
£62.00 |
on-line discount
£55.80 |
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‘This book is an insightful study of the neglected issue of the infrastructure of transition economies in Eastern Europe and the former Soviet Union. It chronicles the socialist infrastructure’s incompatibility with a market economy and its collapse using aggregate data and valuable case studies, particularly of the energy and transport sectors. Although there have been clear transition successes, the search for an optimal infrastructure policy has been elusive. Although market-based solutions have delivered less than promised due to political-economy and technological factors, their results have not proven inferior to more conservative regulatory approaches. Modernizing Infrastructure in Transformation Economies rounds out our knowledge of a key aspect of the transition process and is to be recommended to all serious scholars of transition and European integration.’
– Paul Gregory, University of Houston, US
‘This is the first comprehensive treatment of a highly topical issue. The message of this book is that transition economies need a substantial overhaul of their infrastructure, but that they should ponder gradual rather than radical ways for deregulation and privatization. Institutional, technical and financial constraints should not be ignored and “one-fits-all” type policies are inappropriate.’
– Irina Akimova, Institute for Economic Research, Ukraine
The design of infrastructure policies is a controversial issue in the transition economies of Eastern Europe, where the dismal state of infrastructure was widely regarded to be one of the major obstacles to economic recovery and sustained growth. With the imminent enlargement of the EU, Christian von Hirschhausen provides a detailed, reflective analysis of the state of infrastructure development in Eastern Europe.
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Contents: 1. Introduction Part I: Conceptual Issues 2. Infrastructure Policy in Socialism and in the Market Economy 3. The Process of Systematic Transformation 4. Specific Infrastructure Policies for Eastern Europe? Part II: Empirical Analysis 5. Survey and Methodology 6. Lessons from Public Investment Programs 7. Innovation Policies Towards a Market Economy? 8. Private Project Financing of Highway Development 9. Power Utility Re-regulation 10. Gas Sector Restructuring – A Political Economy Approach 11. The Russian Gas Reserves – A New Perspective Part III: Summary and Conclusions 12. Lessons and Perspectives on the Way to European Enlargement Bibliography Index
View the author's website at
http://wip.tu-berlin.de/de/kontakt_mitarbeiter/cvh/index.htm
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Awarded the Wolfgang Ritter-Preis 2003
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