The Czech Republic is one of the most industrialized countries in the world. After overthrowing communist rule in 1989, it managed to conduct successful economic reforms and, in three decades, built a strong market economy that shows stable growth.
In the history of Ukraine and the Czech Republic, there are significant analogies that make the Czech experience very valuable and instructive for our country. At the same time, there are also obvious differences, which is why today our countries occupy very different positions in the global rankings of economic success.
In the video, we explain how the Czech Republic managed to implement rapid liberal reforms in the economy, achieve integration into the EU and NATO, which increased investments in one of the most developed former socialist countries in the world.
However, the Czech experience is not flawless: coupon privatization failed, and the modern pension system is reminiscent of the Ukrainian one in terms of backwardness.
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This video was created with the support of Atlas Network
00:00 Introduction
00:38 State Foundation
04:15 First Czech Revolutions
07:48 Part of the Habsburg Empire
12:57 World War I and Czech Independence
17:06 First Czechoslovak Republic
19:49 Czechoslovakia under USSR Influence
24:45 Modern Czech Republic
26:32 Privatization of State Property
30:11 “Great Privatization”
38:03 Abolishing Restrictions and Regulations
42:12 Czech Eurointegration
44:22 Czech Republic’s Move to NATO
46:41 Czech Republic in Global Indices and Ratings
48:37 Pension System – Weak Link
54:28 Conclusions
#economy #czechrepublic #history