With Europe in recession, the East will face continued tough times. However, even today some countries and some companies are doing well. With the right policies, the region can prosper in spite of the West’s difficulties.
In the wake of the demise of the Soviet Union and the subsequent 1993 Velvet Divorce, the Slovaks have had the tougher hand to play. They are now trying out an economic strategy that may well retard growth and frighten off foreign investors.