This chapter investigates how cohesion funds were spent and how these funds impacted economic developments in the Visegrád countries (Czechia, Hungary, Poland, Slovakia) on short, medium and long terms. Czechia has been the most developed country in the region, Poland and Slovakia were...

An almost unanimously accepted issue is that the path to competitiveness of economies, whose companies are exposed to international competition, goes through innovation. This enables companies to adapt quickly to the pace of the technological change, in order to increase competitiveness. This...