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Stabilization and Structural Reform In the Czech and Slovak Federal Republic: First Stage

Stabilization and Structural Reform In the Czech and Slovak Federal Republic: First Stage

By Bijan B. Aghevli, Eduardo Borensztein & Tessa Van der Willigen Business & Personal Finance 15/03/1992

On January 1, 1991, the Czech and Slovak Federal Republic launched a comprehensive reform program designed to establish a market economy. This paper charts the progress of the reform program in the context of Czechoslovakia's prewar history as a major industrial power, its subsequent slow economic decline under Communism, and its recent integration into the world economy following the collapse of the Council for Mutual Economic Assistance.

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