Buying 'Czech'
2009-01-15
Economic nationalism is an inevitable outcome of a global
recession, and ÈSSD tried to tap into the trend yesterday. It
called on Czech consumers, companies and government entities
not to buy foreign products. Czechs who might want to follow
this advice will face a major conundrum. What, exactly, is a
foreign product in today's globalized world? Is a Coke or Pepsi
bottled in Prague a "foreign product"? It might seem clear in the
case of an imported VW Passat, but even here there's a
percentage of Czech-sourced parts, and hundreds of local jobs
are dependent on the sales and repair functions. How to sort this
out? There might be a market niche for someone to create a
handbook of consumer products and their percentage of local
content. It might also come in handy when ÈSSD decides which
producers of "foreign products" should get investment
incentives as part of its 52-point crisis plan.
[Czech Republic Social Democrats Coca-Cola protectionism]
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