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ECONOMIC TRANSFORMATION: STRONG AND WEAK SIDE; A Statement of Independent Czech and Slovak Economists


  • Oldrich Kyn

    (Boston University)

  • Jiri Slama

    (Osteuropa Institut, Muenchen)

  • Vladimir Benacek

    (Charles University, Prague)

  • Karel Kouba

    (Charles University, Prague)

  • Pavel Pelikan

    (Institute for Economic Development, Stockholm,)


This is in support of the governement program of transformation from the Soviet-type economy, to the free market economy in Czechoslovakia after the fall of Communism. The basic lines of the government program, that was outlined by Vaclav Klaus, are defended against the leftis criticism that favored either market socialism or the so called 'Third Way'. On the other hand the statement sais that 'the current transformation strategy has several is apparent that the Government realizes some of these but, under political pressure, continues in the wrong direction.' Among the weaknesses the following have serious negative implications: (1) insufficient attention to the development of small and medium enterprise; (2)'two years after the velvet revolution in the whole of Czechoslovakia, small privatization created only about one tenth of the desirable number of small private enterprises.' (3)'the prohibition of secondary market in privatization vouchers.' (4)'a timid attitude of politicians, Governments, and Parliaments toward foreign capital.' (5) ' the lack of support to the development of banking, tax, and legal institutions. ' The statement was supported by 14 representatives of the economic profession.

Suggested Citation

  • Oldrich Kyn & Jiri Slama & Vladimir Benacek & Karel Kouba & Pavel Pelikan, 2005. "ECONOMIC TRANSFORMATION: STRONG AND WEAK SIDE; A Statement of Independent Czech and Slovak Economists," Development and Comp Systems 0510005, EconWPA.
  • Handle: RePEc:wpa:wuwpdc:0510005
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    References listed on IDEAS

    1. M. M. Pitt & S. R. Khandker, 2002. "Credit Programmes for the Poor and Seasonality in Rural Bangladesh," Journal of Development Studies, Taylor & Francis Journals, vol. 39(2), pages 1-24.
    2. Sahn, David E. & Stifel, David C., 2000. "Poverty Comparisons Over Time and Across Countries in Africa," World Development, Elsevier, vol. 28(12), pages 2123-2155, December.
    3. Smith, Lisa C. & Haddad, Lawrence James, 2000. "Explaining child malnutrition in developing countries: a cross-country analysis," Research reports 111, International Food Policy Research Institute (IFPRI).
    4. Sen, Amartya, 1998. "Mortality as an Indicator of Economic Success and Failure," Economic Journal, Royal Economic Society, vol. 108(446), pages 1-25, January.
    5. Masset, Edoardo & White, Howard, 2003. "Infant and Child Mortality in Andhra Pradesh: Analysing changes over time and between states," MPRA Paper 11206, University Library of Munich, Germany.
    6. Adam Wagstaff & Naoko Watanabe, 2003. "What difference does the choice of SES make in health inequality measurement?," Health Economics, John Wiley & Sons, Ltd., vol. 12(10), pages 885-890.
    7. World Bank, 2002. "Poverty in Bangladesh : Building on Progress," World Bank Other Operational Studies 15303, The World Bank.
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    More about this item


    Socialism; Market Socialism; Soviet-type economy; transition; Central Planning; Fall of Communism; Third Way; Vaclav Klaus; Strategy of transition; Voucher Privatization; Foreign Capital;

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Economic Systems

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