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by Gary Loveman,Simon Johnson

Download Starting over in Eastern Europe: Entrepreneurship and Economic Renewal fb2, epub

ISBN: 087584569X
Author: Gary Loveman,Simon Johnson
Language: English
Publisher: Harvard Business Review Press; 1st edition (May 1, 1995)
Pages: 288
Category: Economics
Subcategory: Money
Rating: 4.7
Votes: 790
Size Fb2: 1804 kb
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Eastern Europe's economic status may be more aligned with new private sector investment rather than . Many state owned enterprises went bankrupt. Unemployment went from . % in January 1990 to over 16% in 1994

Eastern Europe's economic status may be more aligned with new private sector investment rather than maintaining formally traditional public sector investment. Private markets sparked economic development in this region during the early 1990s. Poland turned towards private enterprise under the Balcerowicz Plan of 1990. % in January 1990 to over 16% in 1994. Poland's government owned companies were mostly monopolies for four decades. The public sector goals were full employment and planned level of output.

A radical new interpretation of economic development based on entrepreneurship and workplace innovation in the dramatic environment of Eastern Europe. Starting Over in Europe offers a balanced appraisal of the policies instituted in Poland in 1990 to achieve macroeconomic stability and trade liberalization.

by Simon Johnson, Gary W. Loveman. Other authors: Jeffrey D. Sachs (Foreword)

by Simon Johnson, Gary W. Sachs (Foreword).

Simon Johnson, Gary Loveman. Starting Over in Eastern Europe offers a balanced appraisal of the "shock therapy" policies instituted in Poland in 1990 to achieve macroeconomic stability and trade liberalization. Starting Over in Eastern Europe offers a balanced appraisal of the "shock therapy" policies instituted in Poland in 1990 to achieve macroeconomic stability and trade liberalization

By Simon Johnson and Gary Loveman.

By Simon Johnson and Gary Loveman. Johnson and Loveman are two business school professors who have made an in-depth study of the new and converted enterprises in Poland. The result is a fascinating and arresting look on the micro level at the impact of economic reform. Starting over in Eastern Europe: Entrepreneurship and Economic Renewal. By Simon Johnson and Gary Loveman.

Johnson, Simon, and Gary W. Boston: Harvard Business School Press, 1995. Senior Lecturer of Business Administration.

Starting Over In Eastern Europe: Entrepreneurship And Economic Renewal. Poland's economic recovery exceeds other post-communist countries in East and Central Europe despite limited privatization and state enterprise restructuring. Foreign affairs (Council on Foreign Relations).

Starting over in Eastern Europe: Entrepreneurship and Economic Renewal

Starting over in Eastern Europe: Entrepreneurship and Economic Renewal. Robert Legvold, Simon Johnson, Gary W. Part 1 Restructuring state enterprises: economic reform and the challenge of state enterprise restructuring state enterprise privatization - the case of Prochnik state enterprise restructuring - . More).

Are you sure you want to remove Starting over in Eastern Europe from your list? . entrepreneurship and economic renewal. There's no description for this book yet.

Are you sure you want to remove Starting over in Eastern Europe from your list? Starting over in Eastern Europe. Published 1995 by Harvard Business School Press in Boston, Mass. Includes bibliographical references (p. 245-249) and index.

Post-communism - Economic aspects - Europe, Eastern. Poland - Economic policy - 1990-, Poland - Economic conditions - 1990-, Poland - Economic conditions - 1981-1990. Europe, Eastern - Economic policy - 1989-. Harvard Business School Press. Books for People with Print Disabilities. Internet Archive Books. Uploaded by Lotu Tii on May 2, 2012. SIMILAR ITEMS (based on metadata).

Discusses the restructuring of state enterprises and the development of private businesses, and examines the progress made by Poland

Comments:

Dianantrius
Eastern Europe's economic status may be more aligned with new private sector investment rather than maintaining formally traditional public sector investment. Private markets sparked economic development in this region during the early 1990s.

Poland turned towards private enterprise under the Balcerowicz Plan of 1990. Its national growth afterwards (at least for the first four years during the period this book considers) was found primarily from newly created enterprises. Poland lacked adequate capital markets from its newly created commercial banks. Yet this did not hamper many businesses from forming.

The authors found data hard to find. Yet what was found strongly supports the observations that Poland's private sector grew tremendously from 1990 to 1994. It did so by keeping public debt small and taxation low. Inflation was a problem at approximately 30% annually, although inflation was higher in the Czech Republic and Hungary. The high inflation kept interest rates high and business loans low. Unemployment was a problem at 16%.

The Balcerowicz Plan was launched after Polish economy reached stability following the fall of communism. Poland had lacked even private small businesses. These new businesses would require vast shifts in capital and labor. Its leaders feared the shift to more private enterprise faced many difficulties.

Private enterprise successfully grew in numbers. The share of agriculture production from private farms rose from under 10% in the late 1980s to over 40% in 1994. Similar growth was found in the proportion of private sector urban jobs. This growth was also similar to what was experienced in other former communist countries such as Hungary and the Czech Republic.

Poland's private sector industrial output as a percent of its total output rose from 16% in 1989 to 35% in 1994.

In 1989, Poland had 813,500 individual proprietorships, 11, 700 commercial partnerships, and 400 joint ventures. In 1994, Poland had 1,870,000 individual proprietorships, 71,800 commercial partnerships, and 18,600 joint ventures.

Many new private sector businesses resulted from ventures that had failed under the communist government. Such businesses included food distribution operations and complicated manufacturing. In Poland, the private ventures were better able to adjust to market conditions than the public ventures. The private firms tended to pay workers more, earned more money, and were generally more successful.

After communism fell, Polish industrial output decreased in the first two years. Many state owned enterprises went bankrupt. Unemployment went from 0.3% in January 1990 to over 16% in 1994.

Poland's government owned companies were mostly monopolies for four decades. The public sector goals were full employment and planned level of output. Profitability was not a concern. This created low quality outputs that produced lower revenues than higher quality profit oriented competition in other countries produced. When these companies shifted to a market based economy, their excess labor costs and low profitability led many to fail.

The new private sector companies that formed in the 1990s had their own profitability as goals. Prior to this, state owned companies were designed to meet centrally planned national goals. The changed economy requires managers capable of managing according to the new and different performance requirements. The author found managers provided greater work flexibility to design work needs according to firm needs. There were also competitions among companies as more successful enterprises sought to attract the better skilled managers and laborers.

Over half of the new companies began with $500 of capital and almost three fourths of all new companies began with under $5,000 of capital. Almost 60% of companies with production started with under $100 in capital.

The authors fault the Polish government for not taking more actions to control inflation. They believe abandoning their initial strong efforts against inflation reduced economic growth. Overall, the Polish economy began a strong growth in the early 1990s.
Helo
Eastern Europe's economic status may be more aligned with new private sector investment rather than maintaining formally traditional public sector investment. Private markets sparked economic development in this region during the early 1990s.

Poland turned towards private enterprise under the Balcerowicz Plan of 1990. Its national growth afterwards (at least for the first four years during the period this book considers) was found primarily from newly created enterprises. Poland lacked adequate capital markets from its newly created commercial banks. Yet this did not hamper many businesses from forming.

The authors found data hard to find. Yet what was found strongly supports the observations that Poland's private sector grew tremendously from 1990 to 1994. It did so by keeping public debt small and taxation low. Inflation was a problem at approximately 30% annually, although inflation was higher in the Czech Republic and Hungary. The high inflation kept interest rates high and business loans low. Unemployment was a problem at 16%.

The Balcerowicz Plan was launched after Polish economy reached stability following the fall of communism. Poland had lacked even private small businesses. These new businesses would require vast shifts in capital and labor. Its leaders feared the shift to more private enterprise faced many difficulties.

Private enterprise successfully grew in numbers. The share of agriculture production from private farms rose from under 10% in the late 1980s to over 40% in 1994. Similar growth was found in the proportion of private sector urban jobs. This growth was also similar to what was experienced in other former communist countries such as Hungary and the Czech Republic.

Poland's private sector industrial output as a percent of its total output rose from 16% in 1989 to 35% in 1994.

In 1989, Poland had 813,500 individual proprietorships, 11, 700 commercial partnerships, and 400 joint ventures. In 1994, Poland had 1,870,000 individual proprietorships, 71,800 commercial partnerships, and 18,600 joint ventures.

Many new private sector businesses resulted from ventures that had failed under the communist government. Such businesses included food distribution operations and complicated manufacturing. In Poland, the private ventures were better able to adjust to market conditions than the public ventures. The private firms tended to pay workers more, earned more money, and were generally more successful.

After communism fell, Polish industrial output decreased in the first two years. Many state owned enterprises went bankrupt. Unemployment went from 0.3% in January 1990 to over 16% in 1994.

Poland's government owned companies were mostly monopolies for four decades. The public sector goals were full employment and planned level of output. Profitability was not a concern. This created low quality outputs that produced lower revenues than higher quality profit oriented competition in other countries produced. When these companies shifted to a market based economy, their excess labor costs and low profitability led many to fail.

The new private sector companies that formed in the 1990s had their own profitability as goals. Prior to this, state owned companies were designed to meet centrally planned national goals. The changed economy requires managers capable of managing according to the new and different performance requirements. The author found managers provided greater work flexibility to design work needs according to firm needs. There were also competitions among companies as more successful enterprises sought to attract the better skilled managers and laborers.

Over half of the new companies began with $500 of capital and almost three fourths of all new companies began with under $5,000 of capital. Almost 60% of companies with production started with under $100 in capital.

The authors fault the Polish government for not taking more actions to control inflation. They believe abandoning their initial strong efforts against inflation reduced economic growth. Overall, the Polish economy began a strong growth in the early 1990s.

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