Transformation of Ownership Relations after the Velvet Revolution Seen as a Social and Economic Innovation of the 7th Order
AbstractThis article pays attention to a unique process at the beginning of the 1990s, representing a principal change to the social and economic reality in Czechoslovakia during that period. After the ?Velvet Revolution? resulted in the collapse of the communist political system, it was essential to change the economic environment and to re-establish a market economy. One of its foundations was the transformation of ownership relations. At the centre of attention in regard to these new relations was ?Czechoslovak voucher privatization?. Regarding its character and results, the process can be labeled an economic innovation of the 7th order.
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Bibliographic InfoArticle provided by University of Hyogo Institute for Policy Analysis and Social Innovation in its journal Japan Social Innovation Journal.
Volume (Year): 1 (2011)
Issue (Month): 1 (April)
social and economic innovation of the 7th order; transformation of ownership relations; voucher privatization;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
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