Slovak Republic - a strategy for growth and European integration
Agbonyitor, Albert D. K.
This country study analyzes the main economic developments of the past few years and the challenges faced by the Slovak Republic in its EU (European Union) accession quest, including the ability to take on the obligations of membership, which implies full compliance with the aquis communautaire - the set of rules and regulations applicable to all member states. Chapter I reviews the Slovak Republic's macroeconomic performance after independence and sets the stage for the rest of the report. Chapter II is on trade performance and trade policies in the light of increasing integration with the EU. Chapter III and IV cover the enterprise and financial sectors, respectively, and identify the measures that would reduce loss-making activities and improve financial intermediation. Chapter V examines the performance of the agriculture sector after independence, and identifies the measures required to increase productivity in the sector. Chapter VI analyzes the current situation in the labor market, and assesses the effectiveness of labor market policies and social programs. Chapter VII assesses the recent improvements in the environment, after 40 years of neglect, and examines the policies and investments that would enable the Slovak Republic to meet EU standards. The final chapter summarizes the main findings, and proposes a framework for sustained growth that would allow the country to coverage to the EU's income levels in a reasonable period of time.
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