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A Study Of The Market Reforms In Post-Communist Eastern Europe With A Specific Case Study Of Poland
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A Study Of The Market Reforms In Post-Communist Eastern Europe With A Specific Case Study of Poland
Introduction Poland, as well as it's fellow post-communist countries, face an arduous task in re-inventing their economies to match the dominant Western style currently dominating the world. The difficulties lie in the areas of ideology, structural needs (massive changes required), world recession(current) and debt load. Communist Economics Why did the economics of the communist bloc fail so miserably? Why has every single socialist, fascist, communist and other non-democratic country had to implement economic change in order to survive? This is due to some inherent problems in the command economy idea. Monopolies (in a command economy) tend to produce inefficiency, low quality goods, lack of innovation and technological improvement. Command economies tend to focus on growth rather than strength leading to larger production and an evan. worse use of available resources. The 1980's marked a change in world markets meant that the communist economies were faced with four challenges that would, if met, have meant the continuation of the USSR. Resource saving miniaturization requiring high technology and skill were demanded (command economies have neither), Flexible production to meet a variety of needs (command economies have large factories to keep production high - they, thus, did not have the funds or ability to affect the necessary changes to their means of production...
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