Silicon Valley instead of extended Workbench? The Czech Republic in the global knowledge-based society
2021
Abstract
The Czech Republic is engaged in coordinated efforts to keep up with other countries in times of accelerated technological change. The Czechs have grand ambitions.
They want domestic companies to move up global value chains. In matters of productivity and innovation, the economy as a whole is to catch up with neighbouring Germany and Austria at the very least.
However, the Czech Republic's record in funding innovation is mixed. Individual companies are beacons of digital modernization, but they still face a broad base of manufacturers.
A fundamental restructuring of education and scientific research through targeted funding, as well as the creation of a favourable environment for start-ups are making only sluggish progress.