November 10, 2017
9.21 Inches (US)
6.26 Inches (US)
1.8 Pounds (US)
$121.00 USD, £90.00 GBP
v2.1 Reference

From Central Planning to the Market

Transformation of the Czech Economy 1989 – 2004

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.

About the Author

Libor Žídek is Associate Professor at the Department of Economics, Masaryk University, Brno, Czech Republic.


"People who are looking for facts and figures concerning the transformation of the Czech economy but are unfamiliar with the Czech language should definitely put Libor Žídek's book on their reading list. Žídek's book is a valuable option for an international readership interested in the Czech economic transformation. Moreover, offering a large number of facts and figures and being based on a wide range of secondary literature, it is a good starting point for anyone who wants to 'dig deeper' into one of the various aspects of the economic reforms and of the overall economic development in the 1990s."—Bohemia


"This is an interesting book, especially regarding the former Czechoslovakia and then, the Czech Republic. The book is clearly written and accessible to a broader public. It provides both the general explanations and the lot of useful information." ,—Leszek Balcerowicz
Central European University Press

9789633860007 : from-central-planning-to-the-market-zidek
520 Pages
$121.00 USD

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