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UNFINISHED: Czechoslovak Economy in the Second Half of the Eighties in the Last Century

  • Economics


Over the period of the second half of the eightieth in the last century, a considerable slowing down in the dynamics of the Czechoslovak economic development occurred. It was mainly caused by a complicated international situation, aggravated external economic conditions as well as by a slow adaptation of the Czechoslovak economy to the changes taking place in the world economy. Moreover, there were a number of unsolved problems from the past associated with the impact of economic development extensive factors. Reconstruction of the economic mechanism and of the whole society along with the intensification and effectiveness of production was to bring a turn for the better. The reconstruction, however, appeared to be a too big bite for the then party and state leadership. Paradoxically, they themselves contributed to the fall of the regime and the transformation of the Czechoslovak economy.

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