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Czechia: From Soviet to Europe's Industrial Giant | State Price

The Czech Republic is one of the most industrialized countries in the world. After overthrowing communist rule in 1989, it managed to conduct successful economic reforms and, in three decades, built a strong market economy that shows stable growth. In the history of Ukraine and the Czech Republic, there are significant analogies that make the Czech experience very valuable and instructive for our country. At the same time, there are also obvious differences, which is why today our countries occupy very different positions in the global rankings of economic success. In the video, we explain how the Czech Republic managed to implement rapid liberal reforms in the economy, achieve integration into the EU and NATO, which increased investments in one of the most developed former socialist countries in the world. However, the Czech experience is not flawless: coupon privatization failed, and the modern pension system is reminiscent of the Ukrainian one in terms of backwardness. Advertising and collaboration: [email protected] 🤝Support our work: 💰Sponsorship on YouTube: / @costua 💰Become patrons / costua 💰Card transfer https://secure.wayforpay.com/donate/d... 💰 PayPal: [email protected] (specify "for video") This video was created with the support of Atlas Network 00:00 Introduction 00:38 State Foundation 04:15 First Czech Revolutions 07:48 Part of the Habsburg Empire 12:57 World War I and Czech Independence 17:06 First Czechoslovak Republic 19:49 Czechoslovakia under USSR Influence 24:45 Modern Czech Republic 26:32 Privatization of State Property 30:11 “Great Privatization” 38:03 Abolishing Restrictions and Regulations 42:12 Czech Eurointegration 44:22 Czech Republic’s Move to NATO 46:41 Czech Republic in Global Indices and Ratings 48:37 Pension System – Weak Link 54:28 Conclusions #economy #czechrepublic #history

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