New Economic Policy

About: New Economic Policy is a research topic. Over the lifetime, 504 publications have been published within this topic receiving 5287 citations. The topic is also known as: NEP.

Malaysia's Political Economy: Politics, Patronage and Profits

Abstract: 1. Defining the parameters 2. The colonial legacy 3. The new economic policy 4. Privatising state assets 5. The 'new rich' 6. Liberalisation after 1990? 7. Politics, policies and patronage Afterword: from economic to political crisis.

An economic history of the U.S.S.R.

Abstract: A concise and objective study of the growth of a country, tracing the economy of the USSR throughout the 20th-century. From War Communism, to the new economic policy of the early 1920s and to the economy under Stalin's coercion. This included the Soviet "great leap forward" of five-year- plans, collectivization and Stakhanovism. The author's account of these years of terror reveal not only his close acquaintance with the Soviet sources, but also his ability to divine the historical facts through a mist of propaganda. After a brief survey of the distorted economy of the Second World War and of Malenkov and Krushchev, with their well-intentioned but often hare-brained schemes to expand the economy, he concludes with a notably fair-minded assessment of Russian achievement to date.

Market, government and Malaysia's new economic policy

Abstract: Leading economic institutions such as the World Bank have argued that liberalisation holds the key to growth, poverty alleviation and redistribution. Even recent efforts to model increasing returns within the framework of new growth theories have not resulted in prescriptions for stronger roles for governments. The fast-growing Southeast Asian economies are still being used to demonstrate causation between liberalisation, and growth, poverty alleviation and redistribution. Using Malaysia as an example, this paper argues that growth, poverty alleviation and redistribution in the country was achieved under circumstances of both interventionist policies as well as market coordination. Throughout the New Economic Policy (NEP) period (1970‐90), strong incentives were offered to both the import-substitution and exportoriented manufacturing sectors, and the state made strong forays into the market to redress poverty and inequality. The paper also argues that poorly coordinated government intervention generated substantial unproductive rent seeking.

Before Command: An Economic History of Russia from Emancipation to the First Five-Year

Abstract: In a work with significant implications for present-day economic reform in the Soviet Union, Paul Gregory examines Russian and Soviet economic history prior to the installation of the administrative command system. By drawing on basic economic statistics from 1861 to the 1930s, Gregory's revisionist account debunks a number of myths promulgated by historians in both the East and the West. He demonstrates that the Russian economy under the Tsars performed much better than has previously been supposed; the Russian economy and its financial institutions were integrated into the world economy, allowing Russia to attract significant foreign capital. Furthermore, he shows that Stalin's justifications for the abandonment of the New Economic Policy (NEP) in the late 1920s were incorrect: the so-called crises of NEP were either fabricated or the result of misguided economic thinking. The study describes little-known Russian and Soviet successes with market capitalism, while it also shows the problems inherent in a mixed system, such as the NEP, which seeks to combine very strong elements of command with market resource allocation.

Winds of Change: Economic Transition in Central and Eastern Europe

Abstract: Part 1 The rise and decline of communism - an overview: from prewar Russia to the Socialist Revolution and the new economic policy the need for reform - always present, never achieved socialist institutional design and the obsession with growth. Part 2 Transition and reconstruction: scope and timing of reforms price liberalization external liberalization macroeconomic stabilization privatization financial sector reforms. Part 3 Reforms in Central Europe: German unification - an extreme example of "Big Bang" beyond stabilization - the economic transformation of Czechoslovakia, Hungary and Poland Yugoslavia - is economics pleading against disintegration. Part 4 Reforms in the successor states of the Soviet Union: disintegration of the Soviet Union Russia - pas-de-deux between destabilization and reforms. Part 5 The new Europe from the Atlantic to the Ural: a European free-trade zone the cost of reconstruction.