THE CZECH REPUBLIC: PROGRESS TOWARDS FREEDOM AND A MARKET ECONOMY |
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| Authors: | Václav Klaus |
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| Institution: | Václav Klaus is Speaker of the Parliament of the Czech Republic. This paper was given as a lecture at the Institute of Economic Affairs, London, 20 November 2001. |
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| Abstract: | The Czech Republic has made good progress towards a market economy, though its experience shows that it is easier to change the political system than the economic system. It shows also that public expectations tend to be too high: economic transformation cannot be costless and rapid as is often assumed. The Czech Republic wishes to participate in European integration though it has reservations about the degree of regulation, harmonisation and bureaucratisation in the EU. |
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