Successful transformations? - The Creation of Market Economies in Eastern Germany and the Czech Republic (Hardcover)

Successful Transformations? contrasts the recent experience of economic development in Eastern Germany and the Czech Republic. It provides a comparative up-to-date account critically assessing the transition from central planning to a free market economy. The book highlights the very different paths that these two economies have taken. Eastern Germany has been absorbed almost entirely into the political and economic framework of West Germany. In contrast the Czech Republic - which is widely acclaimed to have made the speediest transition - has from the outset adopted an independent line. The book illustrates the strengths and weaknesses of these two different paths and addresses the key question as to whether the relative success of these two economies can point to a special policy regime which might aid economic transition in other former communist countries.