Polish economic reform, 1990-91: principles, policies and outcomes

Article Abstract:

A study was conducted to evaluate economic reform in Poland in 1990-91 when the country was making a market economy transition. Goals of international reserve increases, reduction of the share of dollar currency in total money supply and improvement of price system quality superceded price stability for the reform's initial year. Contrary to stabilization plans, results indicate that money supply was the major factor in the first year while exchange rate and income policies were encumbered in the second year.

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Engogenous growth theory: a critical assessment

Article Abstract:

Endogenous growth theory uses insights from both micro and macroeconomics. There is a danger of oversimplification with this approach, which the aggregated content of this theory is one reason for policy ambiguity, and greater detail is needed for policies to be formulated. Factors such as market imperfections have been incorporated into endogenous growth theory. The theory has not made a major impact on social sciences outside economics, but this could occur over time.

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New trade theory versus old trade policy: a continuing enigma

Article Abstract:

Arguments for trade liberalization are examined in detail, as is evidence which might back such a policy. Weaknesses in these arguments are explored.

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