The Challenge of Political and Economic Change in Poland and Central and Eastern Europe

This article discusses political and economic changes in Poland, Central and Eastern Europe emerging since the demise of the ‘closed system’ in 1989. The presentation explores the range of change, the method and the sequence of change. General lessons in economic transition as identified by Polish F...

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Bibliographic Details
Published in:International journal of value-based management
Authors: Hunter, Richard J. (Author) ; Ryan, Brother Leo V. (Author)
Format: Electronic Article
Language:English
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Published: Proquest 2000
In: International journal of value-based management
Further subjects:B nomenklatura
B Privatization
B Stabilization
B Balcerowicz
B economic transformation
Online Access: Volltext (lizenzpflichtig)
Description
Summary:This article discusses political and economic changes in Poland, Central and Eastern Europe emerging since the demise of the ‘closed system’ in 1989. The presentation explores the range of change, the method and the sequence of change. General lessons in economic transition as identified by Polish Finance Minister Lezak Balcerowicz are discussed. The challenges involved in macroeconomic stabilization, radical liberalization, currency convertibility, subsidy reduction and conversion of state-owned enterprises are reviewed. Despite their complexity, economic and political reforms proved necessary and inevitable.
ISSN:1572-8528
Contains:Enthalten in: International journal of value-based management
Persistent identifiers:DOI: 10.1023/A:1007784016870