In school, I’ve always learned that the Czech Republic is one of the prime examples for a successful transition from a communist command economy to a free market economy.
Studying economics in a classroom, however, is totally different from living on the frontlines here in Prague.
Being here, I can see firsthand the determination of the people and the effort it takes to keep moving the economy forward. I see the dedication to profit margins, the ambitious competitiveness strategies drafted by hopeful deputy ministers, the back and forth dialogue of small private business owners – private businesses that, 22 years ago, didn’t exist.
It’s tough though. Under the communist system, customer service-oriented industry wasn’t the focus – so today, this service field is still finding its way. And marketing (an aspect of business obsolete under communism) isn’t embraced 100% yet.
The Czech economy is doing better and better after only two decades, and I think it will continue to develop. Everyone seems eager to meet the challenges facing industry; they’re always pushing on – onward and upward. : )