Title: Economic transformation in the Czech Republic—a qualified success
Abstract: Abstract The post-1989 economic transformation in the Czech Republic has created a market economy acceptable for EU membership but measures of international competitiveness show it to be some way behind the most advanced countries. Features of the transformation strategy in banking, the development of small businesses and privatisation created an economy with limited potential for autonomous, innovative growth. Policy shifted in the late 1990s towards supporting inward investment. Some of this is associated with low skill levels and minimal innovation. The motor vehicle sector is the most promising, but the strategies of multinational companies may create barriers to matching the productivity levels of advanced countries.
Publication Year: 2007
Publication Date: 2007-04-18
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 10
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