Description
Book SynopsisSuccessful Transformations? contrasts the recent experience of economic development in Eastern Germany and the Czech Republic. It provides a comparative up-to-date account critically assessing the transition from central planning to a free market economy. The book highlights the very different paths that these two economies have taken. Eastern Germany has been absorbed almost entirely into the political and economic framework of West Germany. In contrast the Czech Republic - which is widely acclaimed to have made the speediest transition - has from the outset adopted an independent line.
The book illustrates the strengths and weaknesses of these two different paths and addresses the key question as to whether the relative success of these two economies can point to a special policy regime which might aid economic transition in other former communist countries.
Trade Review'Taken together, the eight chapters are an extremely good account of these two experiences, show clear strengths and weaknesses of the transition processes, and present facts enough to be open to a wide readership. Some interesting points are put forward and the authors offer guidance on transitional tactics.' -- Bruno S. Sergi, Kyklos
Table of ContentsContents: Introduction Part I: The East German Transformation 1. East Germany’s Way 2. The Role of the Treuhandanstalt 3. East Germany’s New Firms Part II: The Economic Transformation in the Czech Republic 4. Stability Before Growth? 5. An Incomplete Transformation? 6. Transforming Czech Enterprises 7. The Restructuring of Industry Part III: Conclusion 8. Towards Sustainable Growth?
