Private Sector Development in Poland: Shock Therapy and Starting Over&ast

Simon Johnson and Gary Loveman
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Gary Loveman: Harvard Business School

Comparative Economic Studies, 1994, vol. 36, issue 4, 173-183

Abstract: Poland's economic recovery exceeds other post-communist countries in East and Central Europe despite limited privatization and state enterprise restructuring. Rapid growth in the new private sector: trade, manufacturing, and services account for much of the success. Very little capital was required to enter the private sector and private-sector growth so far has been largely financed from retained earnings.

Date: 1994
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