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Private Sector Development in Poland: Shock Therapy and Starting Over

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Abstract

Poland's economic recovery exceeds other post-communist countries in East and Central Europe despite limited privatization and state enterprise restructuring. Rapid growth in the new private sector: trade, manufacturing, and services account for much of the success. Very little capital was required to enter the private sector and private-sector growth so far has been largely financed from retained earnings.

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Authors and Affiliations

  1. Duke University,

    Simon Johnson

  2. Harvard Business School,

    Gary Loveman

Authors
  1. Simon Johnson
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  2. Gary Loveman
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Additional information

Very helpful comments on an earlier draft were provided by Bozena Leven and Randi Ryterman.

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Johnson, S., Loveman, G. Private Sector Development in Poland: Shock Therapy and Starting Over. Comp Econ Stud 36, 173–183 (1994). https://doi.org/10.1057/ces.1994.53

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  • DOI: https://doi.org/10.1057/ces.1994.53

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