The sudden contact between two separate worlds

Steindl, Josef

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Dokumentenart:: Werk

Sammlung:: Nachlass Josef Steindl

Titel:: The sudden contact between two separate worlds: Draft with minor corrections

Autor/in:: Steindl, Josef

Art/Umfang:: Kopie eines Typoskripts mit handschriftlichen Anmerkungen und Anstreichungen, 4 Blätter

Erscheinungsjahr:: 1990

Schlagwort:: Osteuropa Wirtschaftsreform Wirtschaftssystem Transformation Ost-West Beziehungen

Anmerkung:: Untertitel fingiert. - Das Paper wurde verfasst anlässlich der sog. Ost-West-Konferenz: New Economic Relations beween East and West - Conference of the Kreisky Commission and the Swedish Embassy in Vienna, May 17-18, 1990.

Thema:: Wirtschaftspolitik

JEL Klassifikation:: P26 [Socialist Systems and Transitional Economies: Political Economy, Property Rights] P27 [Socialist Systems and Transitional Economies: Performance and Prospects]

Signatur:: S/M.35.24

Nutzungsrechte:: Rechte vorbehalten

Zugriff:: Freier Zugriff

4 proper planning. Once the work starts on a reasonable scale there may soon be a question even of labour shortage.' " ***&•'■ 1 The spending on infrastructure is also in all probability what will contribute most to the creation of additional demand in Europe as a whole. But who will pay for it? Germany is probably in a privileged position in as far as it may hope for help from Bonn.The Federal Republic will have to turn Keynesian to face this task and one may foresee a lasting conflict between Bundesbank and government. For all the eastern countries the need to secure guaranteed credits on cheap terms is pressing.There is a danger of ~ t • Л 'Г<* i*h £ t ., ; . repeating the experience of the LDCsythe more since some of these countries have still old debts on their shoulders. The decisive f r • • ( С ь question is therefore the interest policy of the Western countries. Only a low real rate of interest will make it possible to finance the required tasks without again heaping up insoluble problems of servicing the debt. (vT $Uv\ f ( * fl£. Í VI

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