Success and Failure: Emergence of Economic Reforms in Czechoslovakia and Hungary

Tamás Bauer

Chapter 23 in The Evolution of Economic Systems, 1990, pp 245-255 from Palgrave Macmillan

Abstract: Abstract The market-oriented economic reform of 1967, of which Professor Ota Sik was the main architect, turned out to be a brief episode in the post-war history of Czechoslovakia. On the one hand, it remained a matter of nostalgia for reform-minded economists both in the country and in exile; on the other hand, it continues to be a butt for fierce criticism for those in power since April 1969 up to now, within the country. Was the reform of the late 1960s a move into a blind alley which resulted in a collapse of the economy instead of bringing about the promised improvement in economic performance, or was it a sound set of measures whose successful implementation was only prevented by the foreign intervention?

Keywords: Economic Reform; Bank Loan; Party Leadership; Wholesale Prex; Labour Productivity Growth (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11153-4_23

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DOI: 10.1007/978-1-349-11153-4_23

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