ENGLISH

From Central Planning to the Market : Transformation of the Czech Economy 1989 - 2004

By Libor Zidek

Book information

Publisher
Central European University Press
Year
2017
ISBN
9789633861806, 9789633860007
Language
english
Format
PDF
Filesize
10 MB (10977379 bytes)
Edition
1
Pages
522\522
Time added
2023-08-19 17:42:09
BUS069020; HIS010010

Description

This book describes the process of the Czech economic transformation from the beginning of the 1990s to the country's entry into the European Union in 2004. This transformation is divided into four periods: an initial recession caused by the transformation; economic growth in the mid-1990s; a recession connected to the currency crisis of 1997; and recovery and growth from 1999 until 2004, when the analysis ends. The examination covers the main aspects of the transformation - an overall view of the process, political transition, economic policy, economic results (GDP development, inflation, unemployment), changes in outside indicators (balance of payments), privatization, transformation of the financial sector, and changes in the business sector and institutional development. The book also compares Czech development in this transformative era to those of Poland and Hungary. As in Hungary and Poland, the Czech Republic underwent an exceptional qualitative shift from a system centrally planned to one that was market-based. The book concludes that despite mistakes and hardships, the overall transformation process in Central Europe has been successful.

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