Advertisement

The Privatization Process in East-Central Europe

Evolutionary Process of Czech Privatization

  • Editors
  • Michal Mejstřík

Part of the International Studies in Economics and Econometrics book series (ISEE, volume 36)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Jiří Hlaváček, Michal Mejstřík
    Pages 1-32
  3. Michal Mejstřík, Anton Marcinčin, Radek Laštovička, Jiří Fanta, Martin Černý
    Pages 55-124
  4. Jan Kubín, Zdeněk Tůma
    Pages 125-144
  5. Michal Mejstřík
    Pages 145-169
  6. Luděk Urban, Alena Zemplinerová, Radek Laštovička, Vladimír Benáček, Josef Stíbal, Aleš Bulíř et al.
    Pages 171-305
  7. Back Matter
    Pages 307-333

About this book

Introduction

It is beyond any doubt that East-Central European countries such as Czech Republic, Hungary, Poland and Slovakia has dramatically changed its shape through its radical transition from centrally planned to the market economies in last 7 years. Many economists divide the process of economic transformation into areas of Stabilization, Liberalization, and Privatization/Restructuring. The traditional view is that stabilization and liberalization can be achieved rather quickly-by balancing budgets, balance of payments, tightening money supply, freeing prices and liberalizing trade-but that the area of privatization is one that could be moved to the future and will require much more time. Until 1991, none of the post-communist nations except former East Germany (which had a large decree of support from West Germany) had succeeded in privatizing large numbers of enterprises, even though more than two years had passed since the changes in government in these nations. The privatization has been, however, seen as an extremely important part of reform package together with stabilization and liberalization especially in the Czech Republic from the very beginning. The Czechs originally as a part of the Czechoslovak Federal Republic embarked on an unprecedented path that should have lead not only to stabilization and liberalization, but also to very rapid, mass privatization of its sector of large enterprises that have dominated its economy to an extreme extent.

Keywords

Europe Institution Nation Privatization environment

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4615-6351-8
  • Copyright Information Springer Science+Business Media New York 1997
  • Publisher Name Springer, Boston, MA
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4613-7917-1
  • Online ISBN 978-1-4615-6351-8
  • Series Print ISSN 0924-5170
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking