Part of a series on the |
Czechoslovak Socialist Republic |
---|
The Czechoslovak Socialist Republic (1948–1989) greatly developed an already substantial industrial base, and became an important supplier of industrial products to other Comecon nations. However, despite attempted remedial measures, Czechoslovak industry was lagging behind the West by the mid-1980s: it was energy-intensive, innovation and investment in new plant were insufficient, and labor productivity was low.