ABSTRACT
The general intention of this part is to show the main characteristics of the environment in which the companies in the centrally planned system in Czechoslovakia operated. We describe the main features that constituted this environment. The chapter deals with the settings of the institutions (broadly a description of the socio-economic environment) in the socialist era. In specific, we describe the political development including the role of the Communist Party (1.1). Next, we concentrate on some aspects of the legal system and functioning of the judiciary in the country (1.2). In the following section, paternal-istic and repressive aspects of the state are analyzed (1.3) and the last section is dedicated to informal institutions – values in the society (1.4).
