02490cam a2200421 i 4500 rnd000000000047367 RAND 920212s1984 cau b b000 0 eng d 84017704 0833005960 (pbk.) RAND/R-3146-AF (Sirsi) a188444 $30.00 CstmoR CstmoR e-hu--- e-rm--- HC300.28 .T97 1984 Tyson, Laura D'Andrea, 1947- author. Economic adjustment in Eastern Europe / Laura D'Andrea Tyson. Santa Monica, CA : RAND, 1984. xv, 124 pages ; 23 cm text txt rdacontent computer c rdamedia unmediated n rdamedia online resource cr rdacarrier volume nc rdacarrier "Project Air Force"--Cover. "September 1984." Includes bibliographical references (p. 121-124). This report uses case studies of Hungary and Romania to examine how individual East European countries adjusted to the economic shocks of 1973-1975 and 1978-1982 caused by slowdowns in world trade. In the short term, Hungary's growing economic difficulties, though externally caused, will continue, growth rates will be depressed, and consumption levels will stagnate. For the long term, its economic growth will depend on continued economic reform. By contrast, Romania's growth slowdown was mainly due to internal factors--its rigid central planning system and its development strategy of extensive investment. Its future growth prospects will depend more heavily on efficient resource use. Finally, U.S.-Soviet relations will influence adjustment prospects in Hungary and Romania: the worse these relations, the more pressure will be placed on private lenders to reduce their exposure in Eastern Europe, tighter export controls will limit East European access to Western technology, and Soviet tolerance for meaningful economic reform in Eastern Europe will be reduced. Also available on the internet via WWW in PDF format. Description based on print version record. East-West trade. Hungary Economic policy 1968-1989. Romania Economic policy 1945-1989. Project Air Force (U.S.) Rand Corporation. United States. Air Force. Online Access http://www.rand.org/pubs/reports/R3146/ 597734 597734