Corruption Problem
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The Czech Republic has a corruption problem that limits economic growth.
"The Czech Republic possesses a developed, high-income economy with a GDP per capita of 84% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic has seen a growth of over 6% annually in the last three years. Recent growth has been led by exports to the European Union, especially Germany and foreign investment, while domestic demand is reviving.
The government generally respected and protected the rights of its citizens; however, reports of abuse by police at times were not adequately followed up, and there were long delays in the court system. Corruption persisted among both law enforcement and judicial personnel, and high level political intervention sometimes resulted in investigations being prematurely closed or reassigned to other jurisdictions. There were also reports of official corruption in the legislative and executive branches of government. Child abuse and trafficking of women and children for commercial sexual exploitation, and of men for forced labor, continued to be problems.
Although the Czech Republic's income level is high, a corrupt society could potentially lead to weaker economic growth, because corruption interrupts the flow of information and resources. Corruption also adds extra undocumented cost to all goods and services."
Source:
http://en.wikipedia.org/wiki/Czech_republic#Economy
http://www.state.gov/g/drl/rls/hrrpt/2008/eur/119075.htm …
SWOT Analysis Survey
SWOT Weakness: Corruption Problem
The Czech Republic has a corruption problem that limits economic growth.
"The Czech Republic possesses a developed, high-income economy with a GDP per capita of 84% of the European Union average. One of the most stable and prosperous of the post-Communist states, the Czech Republic has seen a growth of over 6% annually in the last three years. Recent growth has been led by exports to the European Union, especially Germany and foreign investment, while domestic demand is reviving.
The government generally respected and protected the rights of its citizens; however, reports of abuse by police at times were not adequately followed up, and there were long delays in the court system. Corruption persisted among both law enforcement and judicial personnel, and high level political intervention sometimes resulted in investigations being prematurely closed or reassigned to other jurisdictions. There were also reports of official corruption in the legislative and executive branches of government. Child abuse and trafficking of women and children for commercial sexual exploitation, and of men for forced labor, continued to be problems.
Although the Czech Republic's income level is high, a corrupt society could potentially lead to weaker economic growth, because corruption interrupts the flow of information and resources. Corruption also adds extra undocumented cost to all goods and services."
Source:
http://en.wikipedia.org/wiki/Czech_republic#Economy
http://www.state.gov/g/drl/rls/hrrpt/2008/eur/119075.htm
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