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Words: | Submitted: Fri Jan 28 2005
... that appeared in this process among countries of the region: What factors can explain this variation? This is a particular important research question because the economic development (but also democratic stability) of the CEE countries is largely dependent of development of private sector, in the context of diminishing state sectors in economy, privatization of state enterprises etc. The approaches to this research question are noticeably different. Economists, for instance, stressed the importance of particular economic policies in promoting the expansion of private sector (like the role of controlling inflation, the openness of national economies etc). Much of the emphasis was put on macroeconomic policies and on the needs of building up the institutional structures that are appropriate to a market economy. Those are, certainly, powerful determinants of the private sector development. However, from the point of view of political science, there is still a question that needs for deeper ...
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