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This Country/Industry Note summarizes the situation in agribusiness (especially farm co-operatives) in the Czech and Slovak Republics up to January 1, 1993, when Czechoslovakia was split into two separate countries. This note is meant to preface companion Czech and Slovak agribusiness cases dealing with the management of farm co-operatives in early 1993 in both emerging republics (395-019-1, 395-020-1, 395-021-1). This Country/Industry Note provides the context for these cases. The primary teaching objectives are to introduce non-Czech and non-Slovak students to two previously Soviet-controlled democratic republics and to explain the difficulties of transforming from socialistic centrally planned to capitalistic free market economies.