Abstract
One main reason for the replacement of the centrally planned economies (CPE) by market systems in Eastern Europe is to achieve greater economic efficiency. A series of measures such as financial liberalization (that is, the abolition of price controls), privatization, other forms of deregulation, and generally a tendency towards the creation of a laissez faire economic environment is intended to move an economy from a stable but inefficient position into a more efficient one. Since, as has been shown by tracking the economic performance of Eastern Europe in 1990–1992, financial liberalization and the formal introduction of market mechanisms can be achieved reasonably easily, most of the numerous works published recently on Eastern European transformation concentrate on the methods and prescriptions on how to speed up the processes of privatization, demonopolization and restructuring, usually with an emphasis on privatization.
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Charemza, W.W. (1993). East European Transformation: The Supply Side. In: Poznanski, K.Z. (eds) Stabilization and Privatization in Poland. International Studies in Economics and Econometrics, vol 29. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2206-1_8
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DOI: https://doi.org/10.1007/978-94-011-2206-1_8
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