Abstract

The article analyzes the scope and depth of systemic differences between national economies in the modern world, focusing on the experience of Central Europe in the process of the enlargement of European Union. The core argument of the article is that the world needs not one model of development, but more diversity and more experimentation, encouraging entrepreneurship and institutional change. There is no one best model that can be implemented in any country, independent of its tradition and culture. Globalization as well as integration is, beyond certain limits, harmful to future development.