Come on now, Luke. Surely you don't think that Slovaks are particularly fond and proud of earning much less than half of what is common in the EU-12, do you? History has caused this advantage for Slovaks, just as, for example, it caused your publishing companies to be able to flourish on account of a vast Anglo-Saxon market.
And look at Switzerland a few decades ago, almost being wiped out where the manufacture of watches was concerned. The Swiss fought back with, among other things, the Swatch. Or Philips of Holland having nearly gone under due to oriental competition came back through realising that innovation and design are the ticket.
You had your Crystal Palace, in which exhibitions were held to show all the new innovative farming gadgets and other. The name "Great Britain" had fair meaning then. The patents of those days have run out, and you are now facing generics, produced by those you regarded as sort of lazy and incapable, since you felt you had to furnish aid to them indulgently.
I am not in favour of total globalisation, but to an extend globalisation does serve as a wake-up-call to those who appear to have fallen asleep!