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A study of the market reforms in post-communist eastern Europe with a specificcase study of PolandIntroductionPoland as well as its fellow post-communist countries face an arduoustask inre-inventing their economies to match the dominant Western style currentlydominating the world The difficulties lie in the areas of ideology structuralneeds massive changes required world recessioncurrent and debt loadCommunist EconomicsWhy did the economics of the communist bloc fail so miserably Why has everysingle socialist fascist communist and other non-democratic country hadto implement economic change in order to survive This is due to some inherentproblems in the command economy ideaMonopolies in a command economy tend to produce inefficiency low qualitygoods lack of innovation and technological improvementCommand economies tend to focus on growth rather than strength leading tolarger production and an evan worse use of available resourcesThe 1980s marked a change in world markets meant that the communist economieswere faced with four challenges that would if met have meant the continuationof the USSRResource saving miniaturization requiring high technology and skill weredemanded command economies have neither Flexible production to meet avariety of needs command economies have large factories to keep productionhigh - they thus did not have the funds or ability to affect the necessarychanges to their means of production the information age meant that thecommunist bloc had to deny the new prevalent types of technology which wouldspread Western ideas and thus they fell behind and software became essentialto the growth of industry the hardware focus of the East could not absorbthis new approachAs well the changes are being attempted in a deep period of economic crisisthat make an already difficult process even more difficultChanging the EconomySystematic transformation requires institutional innovations the internalliberalization of the economy the external liberalization and the adjustmentof the real economy as well as the monetary systemNot only does there need to be a different institutional framework for amarket economy but one has to remove most of the inherited structures andto change the typical behavioral patterns in industry
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