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The Textile Industry of Gabrovo after Nationalization – Consolidation, Structuring and Restructuring (1947 – 1989)

Author

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  • Ivan Postompirov

    (Regional Historical Museum – Gabrovo, Bulgaria)

Abstract

This article aims to present the development of Gabrovo textile enterprises after the nationalization of private industry on 23 Dec. 1947. This is done in socialist conditions, conducted economy in Soviet style, which remained until the fall of the totalitarian regime in 1989. After introducing the command and control system all industries are managed centrally, in a hierarchical order. That does not leave almost no possibility for an initiative of businessmen, lack of a competitive environment, enterprises are lagging behind technologically. The article presents the steps development of Gabrovo textile and institutions who manage it: merging and consolidating former private enterprises in the period 1947-1958, creation of the two textile plants in 1959 and the processes of their structuring and restructuring in the 1960s and 1970s, to the failure of the planned economy after 1989.

Suggested Citation

  • Ivan Postompirov, 2018. "The Textile Industry of Gabrovo after Nationalization – Consolidation, Structuring and Restructuring (1947 – 1989)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 357-367, November.
    • Handle: RePEc:ceh:journl:y:2018:v:3:p:357-367
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    More about this item

    Keywords

    Gabrovo; textile; industry; nationalization; totalitarian regime; institutions;
    All these keywords.

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N94 - Economic History - - Regional and Urban History - - - Europe: 1913-
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics

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