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Helped by somewhat limited inward investment from the West and a programme of wide‐scale privatization, reform in the Czech Republic appears to be proceeding relatively successfully. Emerging from the pressures of a long and complex history of political, geophysical and economic change and more recent Soviet domination, the Republic has given maximum priority to the speedy development of a free market economy. The subsequent drastic reduction of state intervention,however, is questionable and some argue that the pace of reform should be matched by an appropriate public sector infrastructure.

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