
From Central Planning to the Market
Transformation of the Czech Economy 1989 – 2004
- 520 pages
- English
- PDF
- Available on iOS & Android
About this book
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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Information
Table of contents
- Cover
- Title page
- Copyright page
- Table of Contents
- List of Tables
- List of Figures
- List of Boxes
- List of Acronyms
- Preface
- 1 SITUATION IN CZECHOSLOVAKIA AT THE END OF THE 1980s
- 2 POLITICAL DEVELOPMENT
- 3 TRANSFORMATION PROCESS IN GENERAL
- 3 TRANSFORMATION PROCESS IN GENERAL
- 4 REFORM MEASURES AND ECONOMIC POLICY
- 5 BASIC ECONOMIC INDICATORS
- 6 EXTERNAL BALANCE
- 7 CHANGE OF PROPERTY RELATIONS AND PRIVATIZATIO
- 8 BANKING SECTOR AND STOCK EXCHANGE
- 9 ENTERPRISES DURING TRANSFORMATION
- 10 DEVELOPMENT OF INSTITUTIONS
- 11 TRANSFORMATION IN HUNGARY
- 12 TRANSFORMATION IN POLAND
- 13 FINAL ASSESSMENT
- Bibliography
- Index
- back cover