This paper is aimed at addressing general characteristics of growth and development that concerns all transition countries before their accession to the EU when their convergence to the EU average gross domestic product (GDP) per capita is expected. By looking back at the GDP statistics of major...

In the period of 1991-96 there were large volumes of foreign direct investment directed to various Czech manufacturing industries and services. Our empirical analysis has shown that enterprises of the manufacturing sector, into which the foreign capital was invested, were generally physical...

There is no doubt that the same economic regularities are effective in economies in the stage of advanced economic transformation as in traditional market economies. But the low productivity and relics of institutions from the totalitarian system make them very different. Some immature markets...