THE CZECH COURSE OF POST-SOCIALIST ECONOM IC TRANSFORMATION - A COMPLEXITY-BASED APPROACH

Authors
Citation
E. Magnin, THE CZECH COURSE OF POST-SOCIALIST ECONOM IC TRANSFORMATION - A COMPLEXITY-BASED APPROACH, Revue d'etudes comparatives Est-Ouest, 27(1), 1996, pp. 39
Citations number
102
Categorie Soggetti
Economics
ISSN journal
03380599
Volume
27
Issue
1
Year of publication
1996
Database
ISI
SICI code
0338-0599(1996)27:1<39:TCCOPE>2.0.ZU;2-K
Abstract
The purpose of this article is to offer a stylized description of the course of post-socialist changes in the Czech Republic, using a comple xity-based approach. This should make it possible to assemble a cohere nt body of ideas relating to the study of economic change in Central a nd Eastern Europe, ideas which in most writings on the subject tend to emerge in isolation, thus : complex system, self-organization, emerge nce, trajectory, path dependence, lock-in, non-linear dynamics, irreve rsibility. Self-reorganization of the four economic sub-systems identi fied, and of their interrelations, i.e. the system of production, the financial system, the socio-economic compromise and the State, leads t o the appearance of hybrid institutional and organizational forms in t he post-socialist transitional phase, in particular: a complex form of quasi-private ownership (involving banks, enterprises and the State), original post-socialist organisational bodies, a multiple financial m arket, an implicit manager/employee social pact, a form of State marke r paternalism. In the short term, this general configuration appears t o underpin a Czech growth model whose dynamic in the middle term is un certain.