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

A+| A| A-

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.

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top