The economic transformation in Central Europe has ended. Politicians that base their economic policy on avoiding the middle income trap failed to realize that the V4 countries have not been middle income countries for couple of years now. However, expecting politicians to be up-to-date with facts is apparently not realistic. Yet the success is likely to be wasted, as the old growth drivers are being abandoned in favor of actions that resemble pre-transformation policies: centralized government and state planned economy while being unprepared for the approaching demographic calamity.
Out of all the V4 countries, Poland enjoys the greatest success. It is …read more
Source: Visegrad Insight
