Boosting human capital is quintessential

Elsewhere recently, I argued that advanced, sophisticated services with an international focus might significantly help the future growth of the Slovak economy. (1) With the manufacturing sector’s dynamism petering out, a more multi-prong policy focus would likely...

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Advanced services: the next big thing?

The result of the three decades of the transformation of Slovakia’s economy has been substantial catching-up with the developed West. In 2019, the income per capita in Slovakia in comparable prices reached 72% of EU-28 even surpassing Greece and nearing the level of...

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Slovak economy: What next?

After the Velvet revolution in 1989, Slovakia - as a part of former Czechoslovakia - embarked upon the road to building a new socio-economic system based on market principles and liberal democracy. A thorough transformation of its economy was needed as the country...

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Nominal vs Real: An Inquiry

In my blog from December 2018 - Is the advanced East as rich as Southern Europe? - I tried to flash out why it is worth looking at nominal variables alongside the real ones when gauging the state of convergence of the Eastern European countries to the developed West....

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AI in CEE: Time to ponder

The advent of Artificial Intelligence (AI) applied to many sectors of national economies and thus driving Industrial Revolution 4.0. will likely bring a large increase in output and labor productivity in economies of Central and Eastern Europe. This is because the...

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It is brands, Economist !

It is brands, Economist ! Typically, many economists have not always fully appreciated business disciplines of softer nature – marketing as a field quickly comes to one’s mind. Yet, it is enormous how significant is the value astute marketing people can create for the...

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Euro and real exchange rates

This year it has been twenty years since the introduction of the euro on the financial markets following the fixing the cross-exchange rates of the currencies of founding eurozone countries. For some, this step as of 1 January 1999 meant a reason for celebration as...

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Beyond FDI model

Nearly three decades ago, at the onset of transition, ex-socialist countries’ enterprise sector was lagging severely behind that in the developed West - machines, and technology more broadly, were largely obsolete, labor productivity low and managerial techniques...

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