The economic background to the dismemberment of Czechoslovakia at Munich in 1938 has not received the attention it deserves. This book helps to redress this imbalance by analysing in depth the web of foreign interests - direct foreign investment, foreign long-term loans and the activities of international cartels in Czechoslovakia in the interwar period. After the First World War Central and Southeast Europe became one of the major regions of the world to which capital from France, Great Britain and the United States was exported. Czechoslovakia played a central part in this development: foreign capital sought to invest in Czechoslovak industrial enterprises and banks, to make loans to the state, public institutions and private economic organizations and to influence production, prices and the market through cartel agreements. Dr Teichova discusses in detail the influence of foreign capital and business organizations in mining, the metallurgical industries, engineering, electrical industries, chemical industries and banking in the greater part of the modernized sector of the economy.
Originally published in 1988, this book assesses social and economic change against the background of the international economy and the dramatic political events of the twentieth century - the break up of the Habsburg Monarchy, the Peace Treaty of Versailles, the Munich Agreement of 1938 and the dismemberment of Czechoslovakia, the occupation by Nazi Germany, the attempt to reconstruct a democratic Republic, the period of Stalinism and the 'Prague Spring' of 1968. Thus the book produces a balanced historical outline of the economy of Czechoslovakia between 1918 and 1980.
Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.
A provocative view of economic growth in the Third World argues that the countries that have achieved steady economic growth—including future economic superpowers India and China—have done so because they have resisted the American ideology of free markets. The American government has been both miracle worker and villain in the developing world. From the end of World War II until the 1980s poor countries, including many in Africa and the Middle East, enjoyed a modicum of economic growth. New industries mushroomed and skilled jobs multiplied, thanks in part to flexible American policies that showed an awareness of the diversity of Third World countries and an appreciation for their long-standing knowledge about how their own economies worked. Then during the Reagan era, American policy changed. The definition of laissez-faire shifted from "Do it your way," to an imperial "Do it our way." Growth in the developing world slowed, income inequalities skyrocketed, and financial crises raged. Only East Asian economies resisted the strict prescriptions of Washington and continued to boom. Why? In Escape from Empire, Alice Amsden argues provocatively that the more freedom a developing country has to determine its own policies, the faster its economy will grow. America's recent inflexibility—as it has single-mindedly imposed the same rules, laws, and institutions on all developing economies under its influence—has been the backdrop to the rise of two new giants, China and India, who have built economic power in their own way. Amsden describes the two eras in America's relationship with the developing world as "Heaven" and "Hell"—a beneficent and politically savvy empire followed by a dictatorial, ideology-driven one. What will the next American empire learn from the failure of the last? Amsden argues convincingly that the world—and the United States—will be infinitely better off if new centers of power are met with sensible policies rather than hard-knuckled ideologies. But, she asks, can it be done?
Alice H. Amsden describes how some developing countries outside the North Atlantic area were able to achieve accelerated economic growth following World War Two.
The economic background to the dismemberment of Czechoslovakia at Munich in 1938 has not received the attention it deserves. This book helps to redress this imbalance by analysing in depth the web of foreign interests - direct foreign investment, foreign long-term loans and the activities of international cartels in Czechoslovakia in the interwar period. After the First World War Central and Southeast Europe became one of the major regions of the world to which capital from France, Great Britain and the United States was exported. Czechoslovakia played a central part in this development: foreign capital sought to invest in Czechoslovak industrial enterprises and banks, to make loans to the state, public institutions and private economic organizations and to influence production, prices and the market through cartel agreements. Dr Teichova discusses in detail the influence of foreign capital and business organizations in mining, the metallurgical industries, engineering, electrical industries, chemical industries and banking in the greater part of the modernized sector of the economy.
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