How businesses in the Czech Republic are benefiting from its integration into the European Union
Date
2009
Authors
Starke, Kevin
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Publisher
Bachelor of Commerce Best Business Research Papers
Abstract
This paper will explore how businesses in the Czech Republic have benefited from its accession into the European Union (EU). Both the process of accession and the necessary changes that the Czech Republic had to make will be outlined. The costs and benefi ts associated with EU membership will be described. Recommendations will be made for changes to the government and their policies regarding human resource development, tertiary education and innovation so that the country can overcome current challenges. The current opinions of Czech citizens will be stated and analyzed showing both their support for the EU membership and their fears of losing autonomy. Costs and benefits will be broken down into two groups, those arising from the EU market and those related to central decision-making and governance. Both groupings will be evaluated to show that most costs occur in the short run, and that the long-run benefits are much greater.
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Citation
Starke, K. (2009). How businesses in the Czech Republic are benefiting from its integration into the European Union. Bachelor of Commerce Best Business Research Papers, 2, 50–57.