?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4765%2F&rft.title=Integration+into+the+World+Economy%3A+Companies+in+Transition+in+the+Czech+Republic%2C+Slovakia%2C+and+Hungary&rft.creator=Grayson%2C+L.E.&rft.creator=Bodily%2C+S.E.&rft.description=The+report+analyses+the+behavior+of+firms+and+managers+in+the+Czech+Republic%2C+Slovakia%2C+and+Hungary+during+their+integration+into+the+world+economy.+The+conclusions+are+based+on+23+case+studies+conducted+in+1995.+The+investigators+found+a+rapidly+transforming+mosaic+of+managerial+behavior+that+both+changed+over+time+and+varied+from+firm+to+firm+in+all+three+countries.+They+found+no+one+pattern+of+behavior+that+could+be+labeled+as+prototypical.+Success+was+determined%2C+to+a+large+extent%2C+by+the+managers'+flexibility+to+adapt+to+rapid+--+and+always+uncertain+--+changes.+%0A%0AMicroeconomics%2C+managerial+behavior%2C+and+case+studies+that+illustrate+them+are+key+to+understanding+how+economics+work.+Macroeconomics%2C+fiscal+and+monetary+policies%2C+and+stabilization+are+indeed+very+important+but%2C+by+a+long+shot%2C+they+do+not+tell+the+whole+story.+The+transformation+and+integration+literature+is+full+of+microstudies%3B+far+too+few+micro+projects+have+been+undertaken+because+they+are+so+labor-intensive.+The+authors+hope+that+there+will+be+many+more+micro+studies.+%0A%0AThe+report+presents+four+categories+of+case+studies%3A+new+firms%2C+joint+ventures%2C+privatized+companies%2C+and+state-owned+enterprises+(SOEs).&rft.publisher=RR-96-019&rft.date=1996-12&rft.type=Monograph&rft.type=PeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4765%2F1%2FRR-96-019.pdf&rft.identifier=++Grayson%2C+L.E.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1296.html%3E+%26+Bodily%2C+S.E.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1160.html%3E++(1996).++Integration+into+the+World+Economy%3A+Companies+in+Transition+in+the+Czech+Republic%2C+Slovakia%2C+and+Hungary.+++IIASA+Research+Report.+IIASA%2C+Laxenburg%2C+Austria%3A+RR-96-019+++++