In this study we are concentrating above all on the analysis of opport
unities of effective joining of Slovak economy into the international
division of labour. After outlining the present civilized tendencies i
n the direction of internationalization of world economy, and individu
al development of integrative processes in the European Union, we are
shifting to the critical analysis of Associate Agreement concerning jo
ining of the Slovak Republic to the countries of CEFTA and SNS. We are
devoting;attention also to the geopolitical factor of Slovakia which
represents an important microeconomic aspect acting in the development
of the Slovak economy. In this conjunction we are also demonstrating
the basic characteristic strategy of small European economically-advan
ced countries. In the next part we are analyzing foreign business rela
tions and direct foreign investments for the period of 1989-1994, and
are presenting a sketch of the notion of expansionary policy, industri
al and export policy of the Slovak Republic, which is derived from the
optimum strategy resembling the economy of the Slovak Republic at the
level of small European economically-developed countries. In the last
part we are interpreting the problems about the perspective entry of
Slovakia and the countries of Central and Eastern Europe into the Euro
pean Union. In 1995 is to be published the White Book of European Unio
n which will precisely specify the conditions of entry for the countri
es of Central and Eastern Europe into the European Union.