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A study of the market reforms in Post-Communist eastern Europe eith a specific case study ofPoland as well as its fellow post-communist countries face an arduous task inre-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 recessioncurrent and debt load Communist EconomicsWhy 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 1980s 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 the information age meant that the communist bloc had to deny the new prevalent types of technology which would spread Western ideas and thus they fell behind and software became essential to the growth of industry the hardware focus of the East could not absorb this new approachAs well the changes are being attempted in a deep period of economic crisis that make an already difficult process even more difficult Changing the EconomySystematic transformation requires institutional innovations the internal liberalization of the economy the external liberalization and the adjustment of the real economy as well as the monetary system Not only does there
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