Globalisation and the Czech economy: how should policy respond?

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In this Subject: Economics

Source: OECD Economic Surveys, Volume 2008, Number 8, April 2008 , pp. 112-145(34)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

Favourable location and low labour costs have resulted in large inflows of greenfield investment and export-oriented manufacturing is playing a key role in the Czech Republic's robust growth. This chapter looks at this process in depth and examines other influences of globalisation on the economy, such as changes in retail markets and the development of tradable services. The chapter also considers the policy implications. In general, the policies required to harness globalisation are the same as those needed to help overall economic growth. However, some specific areas require particular attention: investment incentives, support for small and medium enterprises, transport and urban infrastructure, and immigration policy.

Document Type: Review article

Publication date: 2008-04-01