
	Where results make sense

Topic: Shortage economy

Related Topics

Planned economy

Janos Kornai

Gosplan

Socialism

Common Agricultural Policy

Sudoku

Finance

Economist

Hungarian

Washing machine

Microcontroller

Pulse

Secretary of State for Scotland

Profit and loss account

1980

In the News (Sat 26 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Spartanburg SC \| GoUpstate.com \| Spartanburg Herald-Journal
		Shortage economy (Polish: gospodarka niedoboru, Hungarian: hiÃ¡nygazdasÃ¡g) is a term coined by the Hungarian economist, JÃ¡nos Kornai.
		This is a term he used to criticize the old centrally-planned economies of the communist states of Eastern Europe.
		In his article Economics of Shortage (1980), which is generally viewed as his most influential and best-known work, JÃ¡nos Kornai argued that the chronic shortages seen throughout Eastern Europe in the late 1970s (and which continued during the 1980s) were not the consequences of planners' errors or the wrong prices, but rather systemic flaws.
	www.goupstate.com /apps/pbcs.dll/section?category=NEWS&template=wiki&text=shortage_economy (649 words)

	FT.com / World - Silicon shortage hits solar power hopes
		The fragile economics of solar power could be thrown into jeopardy by a severe global shortage of the basic material used to convert the sun’s rays into electricity.
		Industry experts warn that a worldwide shortage of poly-crystalline silicon will not ease in 2008, as some expect, but could continue for at least another five years.
		A prolonged shortage could cause what one analyst described as a “substantial delay” to solar power’s forecast turning-point around 2018, when production costs had been forecast to fall far enough for it to be competitive with prevailing energy prices without subsidies.
	www.ft.com /cms/s/e50784ea-78cb-11db-8743-0000779e2340.html (698 words)

	Planned economy - Wikipedia, the free encyclopedia
		The term is used most often to refer to a centrally-planned economy (or command economy), in which the state or government controls the factors of production and makes all decisions about their use and about the distribution of income.
		Planned economies are usually contrasted with market economies, where production, distribution, and pricing decisions are made by the private owners of the factors of production and influenced by market forces.
		In the 20th century, most planned economies were implemented by states that called themselves socialist.
	en.wikipedia.org /wiki/Planned_economy (1481 words)

	IRIN Africa \| Southern Africa \| Malawi \| MALAWI: Health worker shortage a challenge to AIDS treatment \| Economy Health ...
		The shortage of healthcare workers is a global crisis, but developed countries can afford to throw money at the problem, attracting nurses and doctors from developing countries with vastly better salaries and working conditions.
		In the last 10 years she has watched hundreds of colleagues succumb to the virus, in large part because of the institutional stigma that prevented them from being tested or accessing treatment, even when it was available.
		Over the years, Kadzanja has kept a count of the health workers she suspects have been lost to the disease, and claims the number is in the region of 2,000.
	www.irinnews.org /report.asp?ReportID=56421&SelectRegion=Southern_Africa&SelectCountry=MALAWI (1436 words)

	University of Pennsylvania : Research at Penn : Business :: Study Debunks Myth of a Looming U.S. Labor Shortage
		For instance, it is sometimes asserted that the rate of growth of the economy as a whole is somehow linked to the growth rate of the labor force -- that is, slower growth in the labor force means slower economic growth.
		Unless the economy is operating at absolutely full employment, and it almost never is, the supply of labor exceeds the number of jobs.
		Making the assumption that a labor shortage is on the horizon is a serious mistake because corporations and public-policy makers may make important decisions based on such an assumption.
	www.upenn.edu /researchatpenn/article.php?708&bus (2024 words)

	Tata Group \| Tata Services \| A problem of plenty
		Consumers seem to be emerging as singular gainers: they have wider choices better quality at their disposal; they are benefiting from the falling prices in real terms of most products; and they have the greater attention of manufacturers and marketers.
		The scenario of falling interest rates has become painful and, given their surplus liquidity and the moderate inflation in the economy, there is no immediate compulsion for banks to offer higher interest rates.
		In the ‘shortage economy’ of the pre-reforms period, many experts administered sermons on "planning for the surplus economy".
	www.tata.com /tata_services/articles/20010814_ssbhandare(2).htm (796 words)

	Preparing for a Future Labor Shortage - Graziadio Business Report
		A systemic labor shortage occurs when the overall number of new job openings exceeds the number of qualified new entrants in a national economy for a sustained period of years.
		The shortage is expected to grow to between 800,000 and 1,000,000 by the year 2020.
		In a systemic shortage cycle that is expected to last over the next 30 years, managers faced with skilled labor shortages in their industries are encouraged to take actions that put them ahead of the shortage cycle.
	gbr.pepperdine.edu /042/laborshortage.html (2548 words)

	Shortage economy - Wikipedia, the free encyclopedia
		Shortage economy (Polish: gospodarka niedoboru, Hungarian: hiánygazdaság) is a term coined by the Hungarian economist, János Kornai.
		This is a term he used to criticize the old centrally-planned economies of the communist states of Eastern Europe.
		In his article Economics of Shortage (1980), which is generally viewed as his most influential and best-known work, János Kornai argued that the chronic shortages seen throughout Eastern Europe in the late 1970s (and which continued during the 1980s) were not the consequences of planners’ errors or the wrong prices, but rather systemic flaws.
	en.wikipedia.org /wiki/Shortage_economy (639 words)

	What labor shortage? \| CNET News.com
		People who argue that a labor shortage will befall corporate America blame it on a demographic change that is quite real--the small size of the so-called baby bust generation, the group of people that followed the baby boom generation into the labor market.
		For instance, it is sometimes asserted that the rate of growth of the economy as a whole is somehow linked to the growth rate of the labor force--that is, slower growth in the labor force means slower economic growth.
		That the economy grows faster than the work force is due to productivity growth, a key factor in U.S. prosperity that labor shortage proponents appear not to take into account.
	news.com.com /2030-1069-5075799.html (2102 words)

	Outlook: More Jobs, Not Enough Workers -
		According to the Bureau of Labor Statistics, the number of available jobs is projected to increase by more than 22 million jobs by 2010, a 15.2 percent increase - a reasonable, possibly even conservative, estimate considering employment increased 17 percent between 1990 and 2000.
		Baby Boomers, who constitute a big slice of the labor force pie, are getting closer and closer to checking out of the office and into retirement, creating a major void in the workforce.
		If the predictions of an acute labor shortage are true, it could wreak havoc for corporate America, but "it's great news for employees," declares Roger Herman, author of Impending Crisis: Too Many Jobs, Too Few People.
	featuredreports.monster.com /laborshortage/forecast (897 words)

	NurseWeek: Nursing Shortage
		The shortage isn’t occurring everywhere, because health systems are in different stages of adaptation to managed care, O’Neil said.
		Pent-up demand, particularly for elective surgeries and preventive care, is contributing to the shortage, she said.
		While the debate continues about the seriousness of the current shortage, most nurses and workforce experts agree that a pronounced shortage is just around the corner.
	www.nurseweek.com /features/98-2/short.html (1251 words)

	Poland Unemployment Economy Labor Shortage
		For the Polish economy to expand workers are required to fill the jobs that will naturally be created by increased investment and spending.
		Construction is key to the growth of the economy.
		The labor shortage is to the point where companies are hiring families and women who want to get pregnant with the hope that they will not go West once they are trained.
	www.masterpage.com.pl /outlook/200612/workers.html (417 words)

	Highbeam Encyclopedia - Search Results for Shortage economy
		Shortage and Currency Substitution in Transition Economies: Bulgaria, Hungary, Poland, and Romania.
		Models of disequilibrium and shortage in centrally planned economies.
		Analysis: Shortage of factory workers in southern China may cause problems for that country's booming economy
	www.encyclopedia.com /SearchResults.aspx?Q=Shortage+economy&StartAt=31 (693 words)

	China's economy feels pinch of power shortage
		Power shortage has been felt in a number of regions in China this winter, following a similar situation in summer.
		Many enterprises in east China, where power shortage is the most serious, have chosen to arrange their production in off-peak hours.
		While calling on enterprises to devise new ways to cope with power shortage, like avoiding peak hours of power consumption, the government has decided to accelerate construction of new power projects.
	www.chinadaily.com.cn /en/doc/2003-12/10/content_289125.htm (611 words)

	Shortage of Electric Power, an Ordeal for China's Economy
		For China's economy, the reappearance of cutting off power supply and restricting its consumption means hopes on the one hand and anguishes on the other.
		The power shortage may become more serious in some regions, in some industries or some seasons and some periods of time due to the long-term and huge sums of fund required for the construction of a power station.
		According to them, the present tense situation of power shortage can be eased to some extent, and the power supply capacity can be increased greatly to meet the requirement of economic development in the long run.
	english.people.com.cn /200307/28/eng20030728_121094.shtml (1602 words)

	The "Capital Shortage" Myth: A Dangerous Error in Political Economy (Site not responding. Last check: 2007-10-10)
		The "capital shortage" theory and the "inadequate profit expectation" theory both hold that profits are "inadequate" from the capitalist point of view.
		That is why I said at the outset that the capital shortage theory is a very dangerous error, and one that has basic implications for our understanding of the nature of the present crisis.
		The "capital shortage" is a ridiculous myth, the exact opposite of the true situation.
	members.aol.com /PolitEcon/capshort.htm (9207 words)

	Whiskey Bar: Fuel Shortage (Site not responding. Last check: 2007-10-10)
		Without those fiscal and monetary booster rockets, it's not clear whether the traditional motors of capitalist expansion -- private fixed investment and the income it creates -- will be enough to keep the boom going, much less produce the kind of growth required to force the benefits down to the bottom 90% of the population.
		And this is where we return to the huge financial imbalances that have been the basis for so many bearish forecasts (including mine) for such a long time now.
		When Paul Volcker complains that the United States is now absorbing 80% of all global capital flows, or the IMF's chief economist argues that developing Asia has stockpiled enough dollar reserves to guard against everything short of the Apocalypse, they're both addressing the same bleak fact, even if they don't know it.
	billmon.org /archives/001836.html (2061 words)

	[No title]
		Shortage caused competition among firms but also widespread exchanges, each manager supplying from his hoard today the materials needed by another who would return the favor tomorrow.
		Moreover, the shortage economy encouraged firms to employ excess workers so they could complete monthly plans once sufficient materials were on hand (in a frenzied effort known as "storming"); managers therefore padded their workforce, exacerbating shortage.
		Pressure from the second economy was but one of many signs of difficulty in socialist planning that led to repeated efforts at reform, initiated from both within and outside the Party.
	web.gc.cuny.edu /Anthropology/faculty/INTL-ENC.doc (2880 words)

	IRIN Africa \| Southern Africa \| South Africa \| SOUTH AFRICA: Skills shortage could affect development projects \| ...
		He added the current lack of skilled workers could be attributed to the decline in apprenticeships and the "poor quality" of technical training at colleges.
		Last year the HSRC estimated that current skills shortages in most South African professions were in the region of 3 percent to 4 percent.
		The NSA was established in 1998 and comprises representatives from organised business, labour and the government, for the purpose of formulating and implementing a national strategy to develop workplace skills.
	www.irinnews.org /report.asp?ReportID=42499&SelectRegion=Southern_Africa&SelectCountry=SOUTH_AFRICA (712 words)

	Bankintroductions.com - NORTH KOREA
		A national tragedy is the current on-going food shortage, the policy of relying on the West for food aid and diverting national funds to an unsustainable military establishment.
		The economy is currently imploding as the economic situation has deteriorated immensely over the last several years as North Korea remains isolated from the global community.
		The economy during the 1990’s contracted for 9 consecutive years until 1999 where they say GDP growth turned positive at a modest 1 percent.
	www.bankintroductions.com /nkorea.html (1299 words)

	Harvard Asia Quarterly - Classical Socialism in North Korea and its Transformation: The Role and Future of Agriculture
		Whether the actual result of the equation (effects of economies of scale minus effects of depersonalization of property) is positive or negative obviously depends on the relative size of both components.
		The consequence is that in order to overcome a shortage, the bureaucracy has to find means to provide much more than is actually needed, in order to calm the expectations of another shortage and/or to provide enough to not only cover the immediate demand, but also the demand created by hoarding.
		Furthermore, considering the relatively much lower relevance of agriculture for the national economy as in, for example, China around 1978 where it accounted for around 70% of the GDP, one would assume that the risk of a reform policy would be smaller, and hence the readiness by the leadership to take that risk, higher.
	www.asiaquarterly.com /content/view/172/43 (14878 words)

	Adapt to 'Post-shortage' Economy
		The economy passed through a series of stages before a target for the establishment of a market-oriented economic system was set.
		The national economy was stuck in the mire of deflation.
		It suggests the economy has entered a new stage in which it needs the government, as the guide and accelerator of the reform, to make timely macro adjustments.
	english.peopledaily.com.cn /english/200010/23/eng20001023_53363.html (1062 words)

	[No title]
		Fundamental social, political, and economic changes must be carried out in the context of a deep and worsening economic crisis, inexperience in managing a market economy, fragile political institutions, the residual pressures of the communist power structure throughout society, the reemergence of historical enmities, and often very deep ethnic fissures.
		Second, and most emphatically, in a shortage economy in which goods are not available at official prices measures of real living standards (such as the wage deflated by the price index) are likely to contain a serious upward bias.
		But in a shortage economy, a fall in real wages can simply mean the elimination of queues, and therefore a rise in living standards.
	faculty.vassar.edu /kennett/Lipton.htm (2601 words)

	Labor Shortage Ahead
		With the slowed economy, fewer jobs have been available, so workers have cocooned in their current positions.
		We're facing a shortage of 10,033,000 workers in less than seven years.
		It's easy to say that 2010 is "so far away," but the shortage won't suddenly burst on the scene in 2500 days.
	www.hermangroup.com /retentionconnection/article_labor_shortage.html (565 words)

	[No title]
		In the Soviet shortage economy, the allocation of goods by the state was believed to benefit some ethnic groups at the expense of others.
		The negative consequences of economic reform, unlike the failings of the Soviet shortage economy, are not readily ethnicized.
		The shortage economy, as Janos Kornai describes in his classic analysis, was a “sellers’ market” and inherently competitive.
	www.wilsoncenter.org /topics/pubs/MR301Bloom.doc (1883 words)

	Recalculate Grain Supply Equation
		In the late 1980s experts put the equilibrium point at no less than 400 kilograms per capita, a claim that could not be substantiated at a time when China was experiencing shortage economy.
		As China sails from a shortage economy to a glutted one, the criterion turned out to be too generous.
		Under the planned economy, grain demand forecasting was based on the quantity of the total consumption demand of both urban and rural residents, a formula shaped by the traditional grain security concept.
	www.china.org.cn /english/BAT/98336.htm (828 words)

	Scotsman.com Business - Economy - Skills shortage fears as employment soars
		GROWTH in Scotland's employment rate is speeding ahead of the UK at the fastest pace to date, according to a new survey published by the Bank of Scotland yesterday.
		But while hailing the figures, as "a positive picture for the Scottish economy", the bank warned that wage rises stemming from the continued "tightening" of the labour market pose a serious threat to the health of small business.
		News of an incipient labour shortage in Scotland is likely to focus attention on the "economically inactive", an estimated 200,000 Scots of working age currently absent from the jobs market.
	business.scotsman.com /economy.cfm?id=1643592005 (719 words)

Try your search on: Qwika (all wikis)