Czechoslovakia: Strategies for Systemic Chance
In Czechoslovakia the events of November 1989 opened the path to democratic changes in the social order and to the transition to a market economy. That means that Czechoslovakia is following Poland and Hungary. So far no East European country has made a successful transition from a centrally planned to a market economy. Unsolved problems dominate.
KeywordsMonetary Policy Market Economy Foreign Trade Realistic Exchange Rate Foreign Capital
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