The Private Sector After Communism: New Entrepreneurial Firms In Transition Economies (routledge Studies In Development Economics)

The transformation of state-owned enterprises into privately owned ones is commonly referred to as 'privatization'. Just as important as this process, though sometimes not given the attention it deserves and requires, is the establishment and expansion of new private firms. This book analyzes new entrepreneurial firms that emerge and occasionally flourish after a period of state communism has come to an end. The authors rightly focus on the aftermath of the end of communism by looking first at the inevitable output decline, followed by an overview of new entrepreneurial firms. Specific East European examples are examined and the lessons which can be learned from these will interest academics and policy-makers alike. Committed and knowledgeable authors in this book treat the sometimes emotive issue of transition-developing economies maturely and expertly. The result is a volume which will interest scholars with an interest in transition economics and politics, as well as those who actively work in transition economies. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 9 List of tables......Page 10 Introduction......Page 12 Old and new firms in decline and recovery......Page 20 Transformational recession: impact on the old state sector......Page 22 Transformational recovery and the impact of the new private sector......Page 50 The new private sector......Page 90 The Czech case......Page 92 The Hungarian case......Page 114 The Polish case......Page 138 References......Page 167 Index......Page 176 This book is yet another story of post-communist transformation (or transition, or systemic change - all terms are intended to mean the same and are used interchangeably). Winiecki's latest work examines the hurdles and problems that face entrepreneurs and private firms in post-communist nations.