The Economy of Czechia
Innovation, R&D and the Skills Gap
Czechia has good engineers and universities, but firms invest less in research than in richer economies, limiting the move up the value chain.
Moving up the ladder.
Strengths
Strong engineering education and a base of skilled workers.
Weakness
Many firms do assembly work with limited design and research.
Policy
Incentives for R&D and support for start-ups.
Aim
Shift from low-cost assembly to high-value products and services.
An R&D centre
A carmaker opens a design centre in Czechia rather than only a factory.
Assuming manufacturing strength guarantees high value
Design and branding matter.
Key takeaways
- Engineering skills are strong.
- R&D spending is lower.
- Policy supports innovation.
- The goal is higher value.
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