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Czechoslovakia's Transition from Communism

The Czech Republic has also attempted to diversify by expanding its export and import partnerships. According to the CIA, the Republic's largest export partners in 2008 were Germany at 30.6%, Slovakia at 9.2%, Poland at 6.5%, France at 5.3%, UK at 4.8%, Austria at 4.7%, and Italy at 4.6%. Most of these countries were not part of the Soviet satellite system in Eastern Europe during the Cold War. The Republic's import partners are a combination of former Soviet bloc countries and western European democracies. In 2008, import partners included Germany at 30.3%, Slovakia at 6.6%, Poland at 6.4%, Russia at 6.2%, Netherlands at 5.6%, Austria at 5.2%, China at 4.9%, and Italy at 4.1% ("Europe: Czech Republic," 2009).

It appears the success of the Czech Republic in cleaning up the effects of communism center around the fact that the government of the Republic, with the support of the citizens, have adopted what we would refer to as a crash program to move the Czech economy as quickly as possible from centrally planned to market driven. Combined with incentives for foreign direct investment, the Czech Republic seems to be doing far better than many other former Soviet bloc satellites in completing this transition.

Europe: Czech Republic. (2009, December 1). Retrieved from

https://www.cia.gov/library/publications/the-world-factbook/geos/ez.html

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Czechoslovakia's Transition from Communism. (2010, June 28). In LotsofEssays.com. Retrieved 08:12, October 30, 2014, from http://www.collegetermpapers.com/viewpaper/1303681436.html
 
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