1. Manufacturing investments in the Czech Republic: an international comparison
- Author
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Lefley, Frank, Wharton, Frank, Hajek, Ladislav, Hynek, Josef, and Janecek, Vaclav
- Subjects
Manufacturing industry -- Economic aspects ,Manufacturing industry -- Technology application ,Manufacturing industry -- Investments ,Company investment ,Technology application ,Business ,Business, international ,Engineering and manufacturing industries - Abstract
The principal economic measures taken by the Czech Republic (CR) over the last 10 years to encourage investments in more advanced manufacturing technology (AMT) are briefly described. The results of a survey in large CR manufacturing companies are presented which show the current levels of investment in AMT, the techniques and criteria used to assess AMT capital projects, and attitudes to the need for further investment. Comparisons are made with the results of earlier identical surveys in the UK and in the US. The comparisons reveal numerous statistically significant differences. The current levels of investment in the CR are relatively low, the techniques used for evaluation relatively unsophisticated, the investment criteria used favour short-term investments, and there is less concern about the need for AMT. It would appear that more generous incentives and stronger management motivation are needed if the Czech manufacturing industry is to compete effectively in the world markets. Keywords: Investment appraisal; Advanced manufacturing technology; International survey; Czech manufacturing industry
- Published
- 2004