Comparison of Czech and Polish transformation of property rights during economic transition

At the beginning of the 1990's, a crucial systemic change took place in the Eastern Europe at that time -- and that was a changeover from a planned to a market economy. This thesis aims at the comparison of one of the very basic cornerstones of this economic transition -- the transformation of property rights from the state to the private ownership. In the theoretical part, a factual change of ownership in Czechoslovakia and Poland will be compared: the arrangement of institutional conditions, strategies, methods and the actual course of the property rights change during the years 1989 -- 1993 till the break-up of the federation. The analytical part focuses on the analysis of the property rights change in both countries with a special emphasis on their common and also distinct features (a diverse rate of privatization etc.), which were given by different initial conditions in those two countries. This part also deals with the consequences and evaluation of the conditions that both of the analyzed countries prepared for the development of a market economy. The main aim of the thesis is to compare the efficiency of two essentially unlike approaches to the change of property rights. The partial goal is to describe the development and time discrepancy of institutions and working of real economic processes, particularly in relation to a capital market. The consequences of either delayed or timely birth of significant institutions will also be evaluated