ABSTRACT
Getting inflation in the Czech Republic under control is one of the great achievements of cautious monetary and fiscal policies. The commodity structure of the Czech Republic's exports has been slightly deteriorating, with an increasing share of low-degree-of-manufacturing commodities. According to the statement of Prime Minister Vaclav Klaus, the Czech Lands are prepared to take over all of Czechoslovakia's foreign assets and liabilities, including the gross foreign debt. There were/are three modes of privatization in former Czechoslovakia/the Czech Lands: spontaneous privatization, small-scale privatization, and large-scale privatization. Spontaneous privatization mostly concerns the founding of brand new private firms and the privatization of small and medium-size firms. Unlike spontaneous privatization, small-scale and large-scale privatization was administered by the governments of the two republics and their ministries for administration of national property and privatization. Privatization is obviously accompanied by changes in the size distribution of enterprises.
