Czech Republic's Economic Transformation

Research Paper (undergraduate) from the year 2011 in the subject Economics - History grade: A+ University of Toronto language: English abstract: The paper's organization is as follows. First we discuss what we mean by transition big bang and gradual and we clear up the discrepancy in the literature regarding whether or not the Czech experience adhered to big bang or gradualism (it used both in fact).Second we discuss the inefficiencies in the Czech experience: employment strategy and finances which showed up in the gradual phases of transition. Third we discuss the CzechRepublic's reaction to these inefficiencies. Fourth we analyze the significance of setting.Fifth we conclude by comparing the Czech experience to other post-communist countries and by discussing what comes next.