"More than 400 professionals are leaving every day. In the last year 150,000 highly qualified citizens left the country in search of work." – writes The Telegraph, accusing the government of a lack of policies to stop the British from leaving the country. Meanwhile, politicians present the citizens as victims condemned to exile.
Although Poland and the other CEE countries have coped well with the current crisis, the pace of convergence is gradually slowing. The remedy can be found in “The Warsaw Consensus”- a complex growth model for the region, which can lead to a steady development.
Last summer, having pondered his professional opportunities for some months, Istvan Kozari upped sticks, leaving his native Budapest for a new life in London. Mr Kozari, then just 35, had worked as a sales and marketing manager with a leading digital publisher in Hungary, and tried his hand working with Hungarian start-ups. But to further his career, the move was essential.
After a quarter century of effective economic change, the Czech Republic finds itself searching for a new growth model. Relative success, with per capita GDP nearly double compared to 1993 and households having 600% more in the bank than they did two decades, was built by a skilled workforce manufacturing at lower costs than western European competitors. “That model is exhausted,” says David Marek, chief economist with Deloitte in Prague.