Slovakia Economic Analysis :: essays papers

Slovakia Economic AnalysisCountry Slovak Republic validation of the Slovak Republic The Slovak Republic, or Slovakia, is located in Eastern Europe with a population of 5.4 million people and borders the countries of Poland, Austria, the Ukraine, and the Czechoslovakian Republic (The World Bank). As originally part of the fermenter nation of Czechoslovakia, the Slovak Republic has only of late begun to write its own history (Abizadeh, p. 171). During 1989 many revolts took place against eastern European giving medications under fabianism, including Czechoslovakia (Slovakia.Org, twentieth nose candy). Both Slovaks and Czechs staged massive protests against communism in Czechoslovakia and ended the communistic regime in November 1989 (Slovakia.Org, 20th Century). Under the tender non-communist system of government, the two republics of Czechoslovakia were established the Slovak Republic and the Czech Republic (Embassy of the Slovak Republic). In June 1990, with the fe deral and republic-level governments in place, free elections were held for the first cartridge holder in the country since 1946 (Slovakia.Org, 20th Century). The main concern of the new government was the transformation of Czechoslovakia from a state-controlled to a free trade economy (Embassy of the Slovak Republic). Disputes arose amid the two republics about reform process which cogitate on privatization, the encouragement of hostile investment, policy of macro-economic stabilization, price liberalization, and liberalization of foreign trade (Slovakia.Org, 20th Century). The Czech Republic was more economically developed than the industrial-based economy of Slovakia (Slovakia.Org, 20th Century). The transition to a commercialise economy left the Slovak Republic to endure greater economic hardships than the Czech Republic (Sovakia.Org, 20th Century). For example, the federal government chose to dramatically splay the countrys defense industry, resulting in a large settl e in industrial production and a large rise in unemployment in Slovakia (Slovakia.Org, Slovak Economy). This took place because the economy that rose out of the communist era in Slovakia was based on industrial production, particularly on weapons and military equipment (Slovakia.Org, Slovak Economy). There was a great difference of opinions between the Slovaks and Czechs about the nature and pace of economic reform in Czechoslovakia (Slovakia.Org, 20th Century). The disagreements delayed the reform process and also the acceptance of a new constitution (Slovakia.Org, 20th Century). It became obvious that the current form of government could meet the demands of both republics. As a result, Slovakia declared its reign in July 1992, in other words, its laws took higher priority than those of the federal government (Slovakia.