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

In: The Evolution of Economic Systems

Author

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  • Tamás Bauer

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?

Suggested Citation

  • Tamás Bauer, 1990. "Success and Failure: Emergence of Economic Reforms in Czechoslovakia and Hungary," Palgrave Macmillan Books, in: Kurt Dopfer & Karl-F. Raible (ed.), The Evolution of Economic Systems, chapter 23, pages 245-255, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-11153-4_23
    DOI: 10.1007/978-1-349-11153-4_23
    as

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