Suchergebnisse

Poland, the Czech Republic, Slovakia, & Hungary have in little more than ten years established market-based economies. The countries chose, in spite of geographical proximity & historical links, different reform strategies, especially with respect to inflation stabilization & privatization. The different strategies can to a large extent be explained by different starting points. In preparation for EU membership, the economic policies in the four countries have gradually converged. The economic results have been mixed. Many have gained from greater choice & higher living standards. Still, economic growth is only slightly above the performance of the EU countries, unemployment is high, & government budgets exhibit large deficits. Membership of the EU could bring about more trade & investment & help narrow the income gap towards Western Europe. Adapted from the source document.