ABSTRACT
In this chapter, we shall examine developments in the Czechoslovak planned economy in the years from 1945 to 1980. Above all, the first four five-year plans covering the years between 1948 and 1970 represent a time-span roughly comparable with that of the pre-Munich republic. This period also covers the economic reforms of the second half of the 1960s and their precipitate dismantling consequent on the Soviet-led invasion by the Warsaw Pact countries in August 1968. In the following ten years of so-called normalisation between 1970 and 1980, a further two five-year plans (the fifth and sixth) were passed. These plans will be included in the evaluation of post-reform economic developments in Czechoslovakia.
