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Czech Transition to a Market Economy

In: Social Costs of Transformation to a Market Economy in Post-Socialist Countries

Author

Listed:
  • Jan Adam

    (University of Calgary)

Abstract

Under external and internal pressure the Czechoslovak Communist Party agreed to a dialogue with the opposition, the result of which was the relinquishing of power by the communists. And so the ‘velvet revolution’ came about in November 1989. The new government, which resulted from parliamentary elections on June 8–9, 1990 and which brought to power the opposition, organized in the Civic Forum in the Czech lands and its partner in Slovakia, the Public against Violence, as well as their coalition partners, committed itself to a radical economic reform (HN, 4 July 1990, p. 3). The neo-liberals, who held the important economic portfolios, had managed to a great extent to impose their philosophy on the economic reform proposal, which was submitted to the parliament on 1 September 1990. As in Poland, the neo-liberals could gain such influence only with the help of international financial institutions (the IMF and the World Bank).

Suggested Citation

  • Jan Adam, 1999. "Czech Transition to a Market Economy," Palgrave Macmillan Books, in: Social Costs of Transformation to a Market Economy in Post-Socialist Countries, chapter 4, pages 37-51, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50087-7_4
    DOI: 10.1057/9780230500877_4
    as

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