Industrial Renewal Through Regional Development
Issue 3, 1992

The dissolution of the centrally controlled political and economic system in Eastern Europe has led naturally to the regionalization of this part of the continent. National and - increasingly - regional (i.e., subnational) governments are assuming responsibility for fundamental political and macroeconomic decisions formerly made for them by central planners. On the enterprise level, the managements of large combines are becoming more and more independent of their respective governments.