This edition of OECD's periodic survey of the Czech economy finds strong growth and manageable inflation. It addresses a number of key economic challenges including ensuring fiscal sustainability, improving the labour supply, and harnessing globalisation.
Table of Content :
Executive Summary
Assessment and Recommendations
Chapter 1. Recent Developments and Policy Challenges
-A Rapid Pace of Growth Has Developed
-The Economy is Closely Linked with the Globalisation Process
-There Are Some Concerns about Inflation
-Conservative Views on Euro Entry are being Voiced
-The Key Policy Challenges
-Update on Other Policy Areas
-Annex 1.A1. Progress in Strucctural Reform
-Annex 1.A2. Topics Covered in Previous Surveys
Chapter 2. Ensuring Fiscal Sustainability: Assessing Recent Tax and Public Spending Reforms
-Recent Deficit Outcomes Underscore a Need for More Ambitious Targets
-Avneus for Improving Central Government Budgeting
-Reforms on the Revenue Side are Substantial
-Some Progress and Ambitious Plans in Public Spending Reform
-EU Funding: Challenges in Ensuring Absorption
-Annex 2.A1. Selected Details of Tax Measures in the 2007 Reform Package
Chapter 3. Tackling Labour and Skills Shortages
-Where Are the Reserves of Domestic Labour?
-Progress in Improving General Labour Market Conditions
-Encouraging Non-Standard Jobs
-Younger Cohorts: Encouraging the Right Balance between Work and Study
-Prime-Age Women: Getting Incentives Right for Combining Work and Family
-Older Cohorts: A Need to Press on with Reforms to Pensions
Chapter 4. Globalisation and the Czech Economy: How Should Policy Respond?
-What Role is Globalisation Playing in the Czech Economy
-Globalisation is Supported by Favourable Labour Costs and an Advantageous Location
-Making the Best of Globalisation: How Should Policy Adjust?
Glossary
