Sunday, December 11, 2011

The Tatra tiger

Wikipedia describes the Slovak economy:
Slovakia's economy increasingly resembles that of a so-called developed country. With the highest sustained GDP growth in theEuropean Union, reporting 10.4% in 2007 and the highest rating from V4 countries, the Slovak economy has been considered a tiger economy known as the Tatra Tiger 
...Two governments of the "liberal-conservative" Prime Minister Mikuláš Dzurinda (1998–2006) pursued policies of macroeconomic stabilization and market-oriented structural reforms. Nearly the entire economy has now been privatizatized, and foreign investment has picked up. Economic growth exceeded expectations in the early 2000s, despite recession in key export markets.
The Cato Institute's Economic Freedom of the World report, meanwhile, saw Slovakia's economic freedom ranking rise from 77th in the world in 2000 to 14th in 2009

The results?

Another win for economic freedom.

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