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The paper discusses the long-run pattern of growth that characterized Czechoslovakia, Hungary and Poland over the 1970s and 1980s and also shows the immediate impact of the dramatic developments of the last year and a half upon industrial production, investment and employment including...
Persistent link: https://www.econbiz.de/10005281312
A key feature of Soviet-type economies is the excessive concentration of production and the skewed size distribution of enterprises. This is the root cause of the `soft budget constraint' and a natural outcome of the political economy of these countries. Given entrenched political support for a...
Persistent link: https://www.econbiz.de/10005661561
The paper investigates those aspects of economic transformation and long-term economic development where financial institutions can and should make a contribution. It also investigates the financial services industry as a sector and tries to point out the conditions which can enable financial...
Persistent link: https://www.econbiz.de/10005661810