Overview
This report contains a series of edited versions of lectures presented on July 11, 1992, at the conference entitled " Managing the Transition While Coping with Inflation, " held at the French Management Training Center in Warsaw, Poland. Most ex-socialist countries have experienced a high rate of inflation during the transition period from a socialist to a market economy. Much has been written about the causes of high inflation during the transition as well as about the policies to control it. However, the facts are that most attempts to control the high inflation in economies in transition have had limited success. So far very little has been published on the ways an individual company can survive in the inflationary environment. The company can do very little to change the macroeconomic variables, but it must cope with them to survive. Since this topic is of importance to all ex-socialist economies, and most issues discussed are not specific to the Polish economy, the publication of the conference proceedings may be useful to practicing financial executives and trainers in other countries.Synopsis
This report contains a series of edited versions of lectures presented on July 11, 1992, at the conference entitled " Managing the Transition While Coping with Inflation, " held at the French Management Training Center in Warsaw, Poland. Most ex-socialist countries have experienced a high rate of inflation during the transition period from a socialist to a market economy. Much has been written about the causes of high inflation during the transition as well as about the policies to control it. However, the facts are that most attempts to control the high inflation in economies in transition have had limited success. So far very little has been published on the ways an individual company can survive in the inflationary environment. The company can do very little to change the macroeconomic variables, but it must cope with them to survive. Since this topic is of importance to all ex-socialist economies, and most issues discussed are not specific to the Polish economy, the publication of the conference proceedings may be useful to practicing financial executives and trainers in other countries.