Economic policy
This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.
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Spotlight issue
Czech Statistical Office: Share of workers aged 70-74 with tertiary education 3rd highest in EU | PwC: Czech Republic could boost its GDP by 7% by increasing employment rates of people aged over 55
According to the Czech Statistical Office, the number of older workers in management positions (mainly specialists) has been rising. Life expectancy for Czech women is 81.7 years, 75.8 for men (2014 data), compared with 50 and 47 years, respectively, in 1920. PwC Golden Age Index: How well are OECD countries harnessing the power of their older workers? measures the labour market impact of workers aged over 55 in 34 OECD countries, including employment, earnings and training. The Czech Republic ranks 18th, improving steadily.
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Dotyk.cz: Traditional Czech industry retreating, making space for assembly plants
Five traditional brands of the Czech industry that are currently facing an existential crisis. Maybe we are watching live the end of the transformation of the Czech economy after 1989, Dotyk.cz writes.
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e15.cz/Bertelsmann Foundation: Small countries benefit more from globalization than big players
According to a study published by the Bertelsmann Foundation, small countries benefit more from globalization that big players such as the U.S. or China, www.e15.cz writes. The Czech Republic ranks 32nd, with an increase of income per capita by 260EUR per year (compared with increase of income per capita in Japan by 1,470EUR per year on average since 1990).
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