Product Description
The transformation provisions have brought about a replacement of the planning system by a capitalist system. This change engendered many positive results, but at high social costs. Some of the costs, as a dramatic decline in output and decline in the standard of living have been transitory, but some as unemployment, widening of income inequalities, weakening of social programmes and expansion of poverty are a permanent feature of the new system.
The focus of this book is on social costs of transformation. It examines the active employment policy and its effect. Great attention is devoted to the reforms of pension and health care system. It analyses the reasons for the expansion of poverty and the chances of reducing it.
The book also discusses the performance of the economies of the subject countries and gives a critical evaluation of privatisation, primarily of the Czech voucher privatisation.
About the Author
JAN ADAM is Professor Emeritus of Economics at the University of Calgary. He was Lecturer at Charles University of Prague, Czechoslovakia Dozent, Associate Professor at McGill University, Montreal and Professor at the University of Calgary, Alberta, Canada.