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Private Sector Development in Poland: Shock Therapy and Starting Over*

Author

Listed:
  • Simon Johnson

    (Duke University)

  • Gary Loveman

    (Harvard Business School)

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.

Suggested Citation

  • Simon Johnson & Gary Loveman, 1994. "Private Sector Development in Poland: Shock Therapy and Starting Over*," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 36(4), pages 173-183, December.
    • Handle: RePEc:pal:compes:v:36:y:1994:i:4:p:173-183
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    Cited by:

    1. Patricia Born & Douglas Bujakowski, 2022. "Economic transition and insurance market development: evidence from post-communist European countries," The Geneva Risk and Insurance Review, Palgrave Macmillan;International Association for the Study of Insurance Economics (The Geneva Association), vol. 47(1), pages 201-237, March.

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