World Champion Exporter Czech Republic
Fundamentals and Problems of an Economic Model
Deutsche Fassung
Abstract
The Czech Republic is by far the most developed country in East Central Europe. Measured in terms of gross domestic product per capita, it is on a par with Italy and Spain and lags only slightly behind France. Exports have contributed to this to a large extent. In order for the past three years’ of positive development to continue, something must change. Structural problems in the export sector mean that the Czech Republic is not fully using its economic potential. Companies under Czech ownership have failed or been unable to replace the still significant role of foreign capital, which in many branches maintains a dominant position. Prague politicians have also so far refused to put forward a suitable policy of investment promotion that would contribute to the Czech Republic reaching its full developmental potential. Without overcoming these problems, the country will not succeed in breaking through into the group of above-average developed countries within the European Union.
(Osteuropa 4-6/2021, pp. 279–296)