It's good for you: Czech Republic

Article Abstract:

Prime minister Vaclav Klaus announced plans to cut spending, downsize state- owned firms, limit government pay hikes and impose an import deposit to straighten out the Czech economy. disputes and restructuring within the three-party coalition government had diverted attention from the economy.

Coalition governments

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More defenestrations in Prague: Vaclav Klaus's Czech model of economic reform has won plaudits from fans of free markets. It is time for a reassessment

Article Abstract:

Czech Prime Minister Klaus' miracle conversion to capitalism has collapsed, with devaluation of the koruna, growing balance-of-payments deficits and widespread disapproval of the government. The rush to privatization left large firms without management and financial markets without laws.

Editorial

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Bohemia's fading rhapsody

Article Abstract:

The May 1997 decline of the Czech Republic's currency, the koruna, was not unexpected given the state of the country's economy. It has a $6 billion trade deficit and its industries are unstructured. Prime minister Vaclav Klaus implemented steps but they may be too late.

Analysis, Economic aspects, Poland, Eastern Europe, Hungary, Privatization, Privatization (Business)

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