ECONOMIC-GROWTH OF THE SLOVAK-REPUBLIC IN THE INTERNATIONAL COLLABORATION

Authors
Citation
I. Okali, ECONOMIC-GROWTH OF THE SLOVAK-REPUBLIC IN THE INTERNATIONAL COLLABORATION, Ekonomicky casopis, 45(2), 1997, pp. 83-101
Citations number
13
Categorie Soggetti
Economics
Journal title
ISSN journal
00133035
Volume
45
Issue
2
Year of publication
1997
Pages
83 - 101
Database
ISI
SICI code
0013-3035(1997)45:2<83:EOTSIT>2.0.ZU;2-4
Abstract
In the first part the efficiency of the Slovak economy (measured as th e GNP per one inhabitant) is compared with the economic efficiency in the EU countries, and on the basis of model calculations the convergen ce of the SR economy to the developed market economies is taken into c onsideration. The opinion exists that in the course of the life of one generation (20-25 years) this task could be solved at the permanent p rovision of 5-6% tempo of growth on the basis of the extensive utilisa tion of foreign capital resources. In the second part, on the basis of the comparative analysis, in more than 30 countries of Europe, Asia, and America, from the beginning of 80-ties up to the half of 90-ties, the investment presumptions of the tempo of the economic growth are de tected which would be sufficient for the solution of the expected conv ergence task. It is found out that the solution of this task has its h istorical precedence, but it is exceptionally difficult. Not only from the viewpoint of big extend of necessary savings, but also because of the fact, that to reach required rate of investment and maintenance o f the required level of the efficiency of capital deposits depends on the wide spectrum of factors both, the economic and non-economic chara cter.