The Czech Transition: The Importance of Microeconomic Fundamentals

Jan Svejnar and Milica Uvalic

No RP2009-17, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We examine the case of the Czech Republic, which has been frequently cited as one of the most successful cases of transition economies in Central and Eastern Europe (CEE). Despite the costs related to the break-up of Czechoslovakia in late 1992 and 1993, the immediate consequences were quickly absorbed and the country implemented the most important market-oriented reforms relatively successfully and faster than most other CEE countries. We first identify the initial conditions in the Czech Republic in 1989 and the development strategy adopted at the beginning of the transition.

Keywords: Economic development; Economic policy; Structural adjustment (Economic policy); International trade; Microeconomics; Post-communism; Strategic planning (search for similar items in EconPapers)
Date: 2009
New Economics Papers: this item is included in nep-tra
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