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Private Sector Development in Poland: Shock Therapy and Starting Over

11 Pages Posted: 16 Aug 2010  

Simon Johnson

Duke University

Gary W. Loveman

Harvard Business School

Date Written: 1994

Abstract

Poland's economic recovery exceeds other post-communist countries in East and Central Europe despite limited privatization and state enterprise restructuring. Rapid growth in the new private sector: trade, manufacturing, and services account for much of the success. Very little capital was required to enter the private sector and private-sector growth so far has been largely financed from retained earnings.

Suggested Citation

Johnson, Simon and Loveman, Gary W., Private Sector Development in Poland: Shock Therapy and Starting Over (1994). Comparative Economic Studies, Vol. 36, Issue 4, pp. 173-183, 1994. Available at SSRN: https://ssrn.com/abstract=1657807 or http://dx.doi.org/10.1057/ces.1994.53

Simon Johnson

Duke University

100 Fuqua Drive
Durham, NC 27708-0204
United States

Gary W. Loveman

Harvard Business School

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

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