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Aug 20, 1994

Antonio Martino and Vaclav Klaus: The Italian and Czech Economic Reform Models

Antonio Martino is an Italian politician. He served as the Minister of Foreign Affairs in 1994 and as the Minister of Defense from 2001 to 2006.

Vaclav Klaus is a Czech politician; he served as Prime Minister from 1992 to 1997 and assumed office as the President of the Czech Republic in 2003.

In this lecture from a summer seminar on economics in Aix-en-Provence, France in 1994, Martino and Klaus speak about the free market reforms they helped bring about in their respective countries in the early 1990s. Martino says that Italy’s reforms were a reaction to the soaring inflation and government spending of that country in the late ’80s, and Klaus explains the three stages of his plan that liberalized many of the market processes in the Czech Republic in the early ’90s.