The hare and the tortoise of former Czechoslovakia: reform and enterprise in the Czech and Slovak Republics

Leo Paul Dana (Leo Paul Dana is based at the University of Canterbury, Christchurch, New Zealand.)

European Business Review

ISSN: 0955-534X

Publication date: 1 December 2000

Abstract

In their quest to move toward free‐market economics, different nations have adopted contrasting strategies in implementing reforms. The Czechs and Slovaks, adjacent nations with similar natural resources, were both united for a substantial period of time. Although both shared a common experience, with centralized policies under communist rule, each retained its respective cultural values. Following the “velvet divorce” of the former Czechoslovakia, the Czech Republic rushed into a market economy with entrepreneurs being agents of social change. The Czech Republic became the first former member of the Warsaw Pact to be invited to join NATO and the European Union. Slovakia, in contrast, adopted a policy of slow and gradual reform, with special assistance provided to micro‐enterprise.

Keywords

Citation

Paul Dana, L. (2000), "The hare and the tortoise of former Czechoslovakia: reform and enterprise in the Czech and Slovak Republics", European Business Review, Vol. 12 No. 6, pp. 337-344. https://doi.org/10.1108/09555340010379045

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MCB UP Ltd

Copyright © 2000, MCB UP Limited

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