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P. Macavoy, W. Stanbury, G. Yarrow, R. Zeckhauser (1989)
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Agricultural Changes in Eastern Europe at the Beginning of the 1990sAmerican Journal of Agricultural Economics, 72
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On the Economic Role of the State
Agricultural restructuring in Eastern Europe is a part of the restructuring of the economy as a whole. After democratic changes, Eastern European countries have fallen into a deep crisis. There are several reasons for this, including the large debt burden, decreased export opportunities, and monetary restrictions. The major reasons, however, are the lack of a clear economic policy at the governmental level and lack of confidence in the future of enterprises. In the industry and service sectors, ownership conditions are uncertain, and this hinders investing from both private investors and managers of state owned enterprises.
Agriculture and Human Values – Springer Journals
Published: Sep 27, 2005
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