Has the time come for a Czech Regional Policy?
Has the time come for a Czech Regional Policy?

Author(s): Vít Havelka
Subject(s): International relations/trade
Published by: EUROPEUM - Institut pro evropskou politiku
Keywords: Czech foreign policy;
Summary/Abstract: During the last 5 years, the Czech Republic has experienced an unprecedented GDP growth, moving the country from 83 % of EU average GDP in 2013 to the 91 % EU´s average GDP in 20191. Simultaneously, Czech wages rocketed by more than 7 % annually in the last three years. § The Czech Republic is slowly moving from its economic model based on well-educated and relatively cheap labour to a higher income country. This also means that its economic model might soon hit a glass ceiling and without economic transformation, the country might get trapped in the middle of the EU, not converging with EU15 or Germany anymore.

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