Entrepreneurship and Economic Transition in Central Europe

Front Cover
Springer Science & Business Media, Oct 31, 1998 - Business & Economics - 219 pages
Since the fall of the Berlin Wall in 1989, Central European economies have been moving rapidly toward a common set of goals: political democracy, market-oriented economies and integration into the European and international business community. For businesses, Central Europe offers a unique window of opportunity and, in particular, two comparative advantages: a low-cost qualified workforce and stronger growth rates than mature Western European economies. This opportunity, seized by local entrepreneurs and foreign enterprises alike, is a significant competitive threat to companies not present in the region, or who have not found alternative strategies for increased growth and competitiveness. This book addresses economic transitions in Central Europe and analyzes the problems of Central European integration in the European Union.
 

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Contents

Business strategies for economies in transition of Central and Eastern Europe
1
FROM PLAN TO MARKET PRIVATISATION
4
NEW ECONOMIC AND SOCIAL ENVIRONMENT
6
FOREIGN TRADE AND FOREIGN DIRECT INVESTMENT
8
STRATEGIES OF INTERNATIONAL COMPANIES
11
CONCLUSIONS
16
NOTES
18
Privatisation and Company Restructuring in Central and Eastern Europe Issues and Progress
21
INFLUENCE OF FOREIGN DIRECT INVESTMENT ON POLISH ECONOMY
113
CONCLUSIONS
121
REFERENCES
123
Transition and Democracy in Romania the Pains of a Gradualist Restructuring
125
THE ECONOMIC AND POLITICAL LEGACY
126
THE POLITICAL DEVELOPMENTS
127
THE ECONOMIC PERFORMANCE AND THE STRUCTURAL CHANGES IN THE ECONOMY THE THREE POLITICAL STAGES
130
DEMONOPOLISATION AND THE PRIVATE SECTOR PERFORMANCE UNTIL 1996
134

WHY PRIVATISE AT ALL?
22
WHO WILL OWN THE FIRMS?
25
A TAXONOMY OF MASS PRIVATISATION
30
OWNERSHIP STRUCTURE IN CENTRAL AND EASTERN EUROPE
32
CONCLUSIONS
34
REFERENCES
35
Lessons from Czech Privatisation
37
PRIVATISATION FORMS AND METHODS
40
PRESENT DILEMMAS AND PERSPECTIVES
51
MAIN RELATED LEGISLATION
55
Development of Financial Markets the Czech Case
57
PUBLIC MARKETS
60
CZECH STOCK PRICE BEHAVIOUR
66
CONCLUSION
69
REFERENCES
70
Competitiveness and Industry Restructuring the Case of Hungary
71
MICROECONOMIC FACTORS OF COMPETITIVENESS CONCLUSIONS OF THE PROGRAM
72
SEVEN MAIN THESES ON COMPETITIVENESS
89
CONCLUSIONS
91
REFERENCES
92
The Ethical Fabric of a Transforming Economy the Case of Hungary
93
THE SOCIAL RECEPTION OF MARKET ECONOMY
94
ETHICAL ATTITUDES OF HUNGARIAN MANAGERS
98
ETHICALITY OF COMPANIES
99
PROSPECTS FOR THE FUTURE
101
NOTES
102
Economic Growth and Foreign Direct Investment the Polish Case
103
RANGE AND FORMS OF FOREIGN INVESTORS PRESENCE IN POLAND
107
ECONOMIC POLICY REFORMS
135
EXTERNAL SUPPORT AND THE ROLE OF FDI
143
THE PRIVATISATION OF SOES IN ROMANIA
146
THE ECONOMIC AND FINANCIAL RESTRUCTURING OF INDUSTRY
154
AGRICULTURE
155
FOREIGN EXCHANGE CONTROLS AFFECTING TRADING
157
CONCLUSION
158
NOTES
160
REFERENCES
161
Company Cooperations between Eastern and Western Europe
163
ANALYTICAL FRAMEWORK
165
INNOVATION AND STRATEGIC CHOICES FOR SME AND OTHER ECONOMIC AGENTS
168
SME AND DEVELOPMENT
169
DEVELOPMENT AND SME COOPERATIONS WITH EASTERN EUROPE
170
CONCLUSION
174
REFERENCES
175
Swedish Multinationals in Central and Eastern Europe entry and subsequent development
177
OBJECTIVES OF THIS PAPER
178
FIVE CASES ON EUROPEAN MULTINATIONALS ENTRY INTO EASTERN EUROPE
182
TENTATIVE CONCLUSIONS
189
REFERENCES
191
The Enlargement Challenge
193
EUROPEAN GOVERNANCE AND THE ENLARGEMENT CHALLENGE
194
UNCERTAIN ENLARGEMENT AND CHALLENGES FOR CORPORATE GOVERNANCE
203
CONCLUSION
210
REFERENCES
211
Index
213
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