| OECD Economic Surveys: Czech Republic 2020 Contributor(s): Oecd (Author) |
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ISBN: 9264413677 ISBN-13: 9789264413672 Publisher: Org. for Economic Cooperation & Development OUR PRICE: $57.00 Product Type: Paperback - Other Formats Published: January 2021 * Not available - Not in print at this time * |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Political Science | Public Policy - Economic Policy |
| Physical Information: 0.32" H x 8.25" W x 11" (0.81 lbs) 116 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: After a long period of impressive convergence to the OECD average incomes, the Czech Republic is now battling the social and economic consequences of the COVID-19 pandemic. The economy contracted due to strict containment measures, but the authorities extended generous support to maintain incomes, employment and liquidity. The economic recovery is expected to be gradual. The crisis heightens the need to continue addressing long-term challenges with disappointing productivity growth, low labour participation of mothers, pressures due to population ageing and high energy and carbon dependence. Sustainable growth will raise living standards and help restore fiscal and monetary policy space. In addition, despite overall low inequality, there is considerable regional variation in incomes and poverty, and the gaps have grown over time. The Czech Republic suffers from a highly fragmented subnational government with the highest number of municipalities per head in the OECD. The resulting lack of capacity at the local level impacts the quality of public services and impedes the uptake of effective development projects. SPECIAL FEATURE: ENHANCING ADMINISTRATIVE AND FISCAL DECENTRALISATION |
