Czech Republic: too fast off the bloc?

Article Abstract:

Experts have acclaimed the Czech Republic for its speedy and successful transformation into a market economy. However, problems began to surface in 1996, which the Czechs should address if the country is to continue its market economy development. The main architect of the transformation, Prime Minister Vaclav Klaus, lost his political majority, growth began to slow down, inflation began to creep up and foreign investment halved. There was a string of banking collapses and the privatisation programme virtually stopped as recently privatised companies ran into difficulties.

Evaluation, Czech Republic, Capitalism

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City limits: For the first time since the 1960s, London is 'swinging' again. But can the capital resolve its problems?

Article Abstract:

London has re-emerged with new-found optimism, with global bonds taking offer, futures surging and equities strong. However The London International Financial Futures and Options Exchange (Liffe), has lost is leading position in German Bund futures, and Liffe plans to respond by moving to an electronic system. The effects of European Economic and Monetary Union (EMU) are also of consideration, as many politicians believe that control of capital markets should only be extended to EMU members, putting increasing pressure on London as a financial centre.

London, England

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The business of peace

Article Abstract:

There are clear indications that the business community in Northern Ireland, particularly in Belfast, is making preparations for the anticipated return to peace. Key growth sectors include the tourist industry, which currently accounts for around 2.5% of GDP. Officials would like to see this rise to 6%, with the tourist industry creating up to 20,000 new jobs. Northern Ireland could also establish a strong presence in information technology.

Northern Ireland

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