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ECONOMIC TRANSFORMATION: STRONG AND WEAK SIDE; A Statement of Independent Czech and Slovak Economists

Oldrich Kyn (), Jiri Slama, Vladimir Benacek, Karel Kouba and Pavel Pelikan
Additional contact information
Jiri Slama: Osteuropa Institut, Muenchen
Vladimir Benacek: Charles University, Prague
Karel Kouba: Charles University, Prague
Pavel Pelikan: Institute for Economic Development, Stockholm,

Authors registered in the RePEc Author Service: Michal Mejstrik ()

Development and Comp Systems from EconWPA

Abstract: This is in support of the governement program of transformation from the Soviet-type economy, to the free market economy in Czechoslovakia after the fall of Communism. The basic lines of the government program, that was outlined by Vaclav Klaus, are defended against the leftis criticism that favored either market socialism or the so called 'Third Way'. On the other hand the statement sais that 'the current transformation strategy has several weaknesses....it is apparent that the Government realizes some of these but, under political pressure, continues in the wrong direction.' Among the weaknesses the following have serious negative implications: (1) insufficient attention to the development of small and medium enterprise; (2)'two years after the velvet revolution in the whole of Czechoslovakia, small privatization created only about one tenth of the desirable number of small private enterprises.' (3)'the prohibition of secondary market in privatization vouchers.' (4)'a timid attitude of politicians, Governments, and Parliaments toward foreign capital.' (5) ' the lack of support to the development of banking, tax, and legal institutions. ' The statement was supported by 14 representatives of the economic profession.

Keywords: Socialism; Market Socialism; Soviet-type economy; transition; Central Planning; Fall of Communism; Third Way; Vaclav Klaus; Strategy of transition; Voucher Privatization; Foreign Capital (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his and nep-tra
Date: 2005-10-05
Note: Type of Document - html
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