From central planning to the market transformation of the Czech economy 1989 – 2004 / Libor Žídek.

Format:

Book

Author/Creator:

Žídek, Libor, author.

Language:

English

Subjects (All):

Banks and banking--Czech Republic--History--20th century.

Banks and banking.

Business enterprises--Czech Republic--History--20th century.

Business enterprises.

Czech Republic--Politics and government--1993-.

Czech Republic.

Czech Republic--Economic policy--1993-.

Czech Republic--Economic conditions--1993-.

Physical Description:

1 online resource (xxxii, 482 pages)

Manufacture:

Baltimore, Md. : Project MUSE, 2018

Place of Publication:

New York : Central European University Press, 2017.

Summary:

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, infl ation, unemployment), changes in outside indicators (balance of payments), privatization, transformation of the fi nancial sector, and changes in the business sector and institutional development.0The 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.

Contents:

Preface

Situation in CzechOslovakia at the end of the 1980s

Political development

Transformation process in general

Basic economic indicators

External balance

Change of propoperty relations and privatization

Banking sector and stock exchange

Enterprises during transformation

Development of institutions

Transformation in Hungary

Transformation in Poland

Final assessment

Bibliography

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-003-71975-9

963-386-180-2

9781003719755

OCLC:

1017613073