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The Rise and Fall of Czech Capitalism: Economic Development in the Czech Republic Since 1989 - Couverture rigide

Myant, Martin

 
9781843762270: The Rise and Fall of Czech Capitalism: Economic Development in the Czech Republic Since 1989
Couverture rigide
ISBN 10 : 1843762277 ISBN 13 : 9781843762270
Editeur : Edward Elgar Publishing Ltd, 2003

Synopsis

This book offers a detailed, critical account of the economic transformation of the Czech Republic since 1989. It follows the development and implementation of a reform strategy based on 'shock' therapy and rapid privatisation, set against the background of turbulent political change and conflict.

The aim of the government in the mid 1990s was the creation of a 'Czech' capitalism, with Czech-owned business empires and banks. A detailed analysis of developments in banking and industrial enterprises shows how the chosen strategy led instead to continuing inefficiency, flawed management decisions and uncontrolled profiteering. These combined factors contributed to serious economic difficulties in the latter part of the decade, with success stories largely confined to foreign-owned firms. After 1998, a new government attempted to encourage economic revival based upon a fresh strategy which emphasised the sale of banks and industrial enterprises to foreign owners. Even with this new reform strategy, the author concludes that the results were, at best, mixed. Throughout the analysis, the author provides in-depth commentary on a variety of topics including the sources of economic growth, the role of the central bank, developments in banking and industrial enterprises and the impact of inward direct investment.

It is rare to find such a comprehensive book which assesses the economic transformations of a single country. The detailed analysis and pertinent conclusions will be welcomed by academics and researchers with an interest in transition economies, European integration, international finance and political science.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l'auteur

Martin Myant, European Trade Union Institute, Belgium

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Edward Elgar Publishing Ltd
Date d'édition
2003
Langue
anglais
ISBN 10 
1843762277
ISBN 13 
9781843762270
Reliure
Relié
Nombre de pages
304
Coordonnées du fabricant
non disponible
Personne responsable
non disponible