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Is the Czech economy a success story?: the case of CzechInvest, the strategic promotion agency in Czech industrial restructuring

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  • Benacek, Vladimir

Abstract

The study of CzechInvest, the leading and most prestigious investment and business development agency in the Czech Republic, seeks to describe and analyze the principles underlying the promotion of investment, restructuring and innovation in a country that has undergone a fundamental transformation of its economic, social and political operations in the last 18 years. The country is and interesting example for countries facing the challenges of growing openness to globalized markets and the need to restructure their international exchange patterns and institutional arrangements. The report shows how restructuring policies were channeled through the investment promotion agency with a flexible adjusting and trial & error approach to design policy instruments and to changes in the real world, while facing the dangers of corruption, bureaucracy and political capture.""

Suggested Citation

  • Benacek, Vladimir, 2010. "Is the Czech economy a success story?: the case of CzechInvest, the strategic promotion agency in Czech industrial restructuring," Comercio Internacional 4445, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col025:4445
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    1. Jean Imbs & Romain Wacziarg, 2003. "Stages of Diversification," American Economic Review, American Economic Association, vol. 93(1), pages 63-86, March.
    2. Paul R. Krugman, 1994. "Introduction to "Empirical Studies of Strategic Trade Policy"," NBER Chapters, in: Empirical Studies of Strategic Trade Policy, pages 1-10, National Bureau of Economic Research, Inc.
    3. Paul Krugman & Alasdair Smith, 1994. "Empirical Studies of Strategic Trade Policy," NBER Books, National Bureau of Economic Research, Inc, number krug94-1.
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    Cited by:

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    2. World Bank, 2015. "Republic of Armenia Export-led Industrial Development Strategy," World Bank Publications - Reports 22273, The World Bank Group.

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