ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Perfecting the Centralised Model

Ramnath Narayanswamy Instead of attempting a framework of decentralisation on market lines, the East German economic reform has been the most systematic attempt in Eastern Europe to improve the centralised model based on state ownership and centralised planning. The relative failure of the reform highlights the extraordinarily difficult nature of the transition of the East European economies from extensive growth dependent on quantitative increases in labour and capital to intensive growth centred on more efficient use of labour and capital.

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