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History of Czech Economic and Political Alignments Viewed as a Transition

In: Small Countries in a Global Economy

Author

Listed:
  • Vladimír Benáček

    (Charles University)

Abstract

For many authors transition is understood as an institutional change due to fundamental changes in relative prices and/or changes in sociopolitical preferences, as outlined by North (1990). A radical change of this kind entails a transition to new equilibria in such characteristics like ownership, exchange, organisations, dominant economic agents and incentives. In this paper, transition will be associated with a long-run path of change in the economic system caused by the dislocations in: domestic markets and international trade, previous allocation of resources, the stability of previous structures of ownership, and political and economic alignments.

Suggested Citation

  • Vladimír Benáček, 2001. "History of Czech Economic and Political Alignments Viewed as a Transition," Palgrave Macmillan Books, in: Dominick Salvatore & Marjan Svetličič & Jože P. Damijan (ed.), Small Countries in a Global Economy, chapter 4, pages 133-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51319-8_5
    DOI: 10.1057/9780230513198_5
    as

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