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The Czech Republic: Understanding the Transition Reform

In: Understanding Market Reforms

Author

Listed:
  • Jan Hanousek
  • Evžen Kočenda
  • Lubomír Lízal

Abstract

The break-up of the command system in the economies of Central Europe and the subsequent disintegration of the former Soviet empire have brought unprecedented changes to nations in Central and Eastern Europe (CEE). In the context of the Czech Republic this led to unprecedent reform, using the pragmatic definition of a movement towards a more market-oriented economy in the context of a politically open society (as defined in Chapter 1 of this volume). While the reform was initially defined as a change in the economic rules of the game, later it also covered the building of new institutions and improvement of the existing ones, such as, for example, methods of resolving bankruptcies or stock market regulatory practices.

Suggested Citation

  • Jan Hanousek & Evžen Kočenda & Lubomír Lízal, 2006. "The Czech Republic: Understanding the Transition Reform," Palgrave Macmillan Books, in: José María Fanelli & Gary McMahon (ed.), Understanding Market Reforms, chapter 7, pages 256-293, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37361-7_7
    DOI: 10.1057/9780230373617_7
    as

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