Development of the Economies

Jan Adam
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Jan Adam: The University of Calgary

Chapter 8 in Why did the Socialist System Collapse in Central and Eastern European Countries?, 1995, pp 138-160 from Palgrave Macmillan

Abstract: Abstract There is no doubt that the worsening economic situation in the 1980s was one of the decisive factors which brought down the socialist system. From the beginning of the socialist system up to the second half of the 1970s, the three countries could boast quite good results in economic growth rates, though they were marked by a falling tendency. There was even a time when they could bask in the propagated myth that the socialist system ensures higher rates of growth than the capitalist system. They were able to back up this myth at least with regard to most capitalist countries.

Keywords: Real Wage; Economic Reform; Private Consumption; Economic Growth Rate; Labour Shortage (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/978-1-349-24239-9_8

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