Integration of Czech republic and Slovak republic to the European economic structure

Abstract

Despite a number of common evolutionary and institutional features of the process of convergence Czech Republic and the Slovak was different. Initially economic transformation in the Czech Republic seemed more successfully, but finally after 1998 was the development of Slovakia not only continuous but very successful, leading to macroeconomic stabilization, institutional standardization and full membership of Slovakia in the European structures, which now Slovakia has more decision-making power than the Czech Republic.

Keywords

• economic transformation
• privatization
• restitutions
• transposition deficit
• decay-secesion