The Czechoslovakian economy on the beginning of transformation

My bachelor thesis is an analysis of the process of transformation of Czechoslovakia's (resp. Czech) centrally planned economic system to a market economic system, which took place in the period after November 1989. I attempt to outline the conditions which were present in the second half of the 1980s and I focus on why, in the long term, the centrally planned economic system resulted in massive losses in comparison with the market economic system. I am concerned with the issue of what effect the initial conditions present within the Czechoslovakian economy had on the beginning of transformation in comparison with other relevant economies. I define and characterize each individual theoretical approaches towards the process of transformation and the resulting transformational scenarios which were observed after the fall of Communism and which were considered as potential models which could be applied to the future evolution of Czechoslovakian economic policy. Further, I concentrate on, who proposed these scenarios, what chance they had for realization, what kind of scenarios they were as well as which scenario it was that eventually won and why it won, including an examination of its basic principals and rationale. I attempt to analyze the economic and political motivations of the separate political forces which were associated with the various transformation scenarios, as well as to explain why the eventual model chosen was the one represented by Václav Klaus. This thesis draws from published sources and the most recent professional literature