Chapter 10 Mieczyslaw W. Socha and Urszula SztanderskaDuring the first year of changing the Polish economy from a centrally
planned to a market model, the most thorough changes have taken place
in the area of macroeconomic policy. Transformation of the economic
system in the state enterprise sector is considerably slower, holding back
the pace of change in the entire national economy. The causes behind this
sluggishness are the subject of this chapter.We shall be seeking answers to the following three questions:
Polish Firms in Transition
|1. ||Did the enterprises have an awareness of the modalities involved in smooth
adjustment to a market environment?|
|2. ||What constraints did they encounter in their actual efforts to adjust?|
|3. ||To what extent were they willing to abandon their traditional economic
conduct under the impact of changed macroeconomic policies?|
The main review will be preceded by a brief characterization of state
enterprises prior to embarking on system changes, along with a presentation of their operations during the first eleven months of 1990.
ENTERPRISE WITHOUT ENTREPRENEURSHIP
Polish enterprises at the close of 1989 differed substantially from the
sort of companies functioning in the U.S. and West European economies.
First, they operated in the non-private (state and cooperative) sector, which
accounted for 80 percent of the gross domestic product and employed
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: The Economic Transformation of Eastern Europe:Views from Within.
Contributors: Bernard S. Katz - Editor, Libby Rittenberg - Editor.
Place of publication: Westport, CT.
Publication year: 1992.
Page number: 152.
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