Enterprise Exit Processes in Transition Economies
Downsizing, Workouts, and Liquidation
Leszek Balcerowicz author Cheryl W Gray editor Iraj Hoshi editor
Format:Hardback
Publisher:Central European University Press
Published:1st Jan '98
Currently unavailable, and unfortunately no date known when it will be back
The rebirth of competition and the extensive "exit" that has resulted are among the most important developments in Central Europe since the demise of Communism. This text examines why, how, and to what extent enterprises have reduced their size or left the market altogether during the first years of the transition from socialism to capitalism in the Czech Republic, Hungary and Poland.
"This book discusses exit processes (industrial downsizing, bankruptcies, reorganization and liquidations) in three leading transition economies of Central Europe: the Czech Republic, Hungary and Poland. The reason for the economic transition was that the socialist economies were almost bankrupt by 1989 and in desperate need of restructuring. This book analyses the micro dimensions of this process, where industrial firms cease to exist, releasing assets and resources that may be used more efficiently elsewhere."
ISBN: 9789639116078
Dimensions: unknown
Weight: unknown
324 pages