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| | | | | Tatra Tiger | | A nickname or colloquial term for the central European nation of Slovakia. It became known as the Tatra Tiger following economic growth rates that were among the highest in Europe in the first decade of the 21st century. Following its separation from the Czech Republic in 1993, Slovakia embarked on significant economic reforms that spurred growth, and enabled it to join the European Union in 2004. The term "Tatra Tiger" is derived from the Tatra mountain range that straddles the border between Slovakia and Poland. | | | Investopedia Says: | | Reforms ushered in by the Slovakian political coalition that assumed power in 1998 included the introduction of a flat 19% corporate tax, and deregulation of the labor market... Learn More | | | | | | | | | | | | | What Causes A Currency Crisis? | | Growth rates that are too rapid can create instability, and a higher chance of capital flight and runs on the domestic currency... | | | | | | | | | | | | | | | | |
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