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Transforming Management in Central and Eastern Europe$
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Roderick Martin

Print publication date: 1999

Print ISBN-13: 9780198775690

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198775690.001.0001

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Economic transformation

Economic transformation

Collapse and recovery

Chapter:
(p.29) 3 Economic transformation
Source:
Transforming Management in Central and Eastern Europe
Author(s):

Roderick Martin

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198775690.003.0003

This chapter focuses on the macro level economic environment within which the enterprise operates. It is divided into six sections. Following a brief introduction, the second section outlines the socialist economic situation at the end of the 1980s, a period of decline following the ‘era of stagnation’ under Brezhnev. The third section summarizes trends in the macroeconomy after 1989, covering GDP, inflation, state budgets, international trade flows, and balance of payments. The fourth section discusses labour market trends — employment, unemployment, earnings, and labour productivity. The fifth section discusses the development of macroeconomic policies in the region after 1989. The concluding sixth section provides a brief summary.

Keywords:   macroeconomy, enterprise, Brezhnev, labour market, macroeconomic policy, socialist economic crisis

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