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
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.