Abstract
Following the collapse of communist rule in Central and Eastern Europe which was accelerated not least by serious deficits in the socialist economic system, the people there looked to a new beginning under the sign of a market oriented economic system. They hoped for the release of economic potentials which were definitely present but had previously been prevented from developing; under the conditions of a market economy, they expected to find the incentives which were necessary to strengthen the motivation to perform, and to benefit individual subjects and societal groups. Confidence was placed in the idea that the mass of the people in the former east block would necessarily experience more prosperity if the transition from a socialistic economic system to a free market economy could be successfully brought about.
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Kandil, F., Walter, G.H. (2002). Industrial Modernisation in Post-Socialist Economies: Primary Endogenous and Elites Oriented Modernisation as a Socio-Economically Oriented Strategic Concept. In: Pfirrmann, O., Walter, G.H. (eds) Small Firms and Entrepreneurship in Central and Eastern Europe. Technology, Innovation and Policy, vol 14. Physica, Heidelberg. https://doi.org/10.1007/978-3-642-57460-3_4
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DOI: https://doi.org/10.1007/978-3-642-57460-3_4
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