J. Sestak, SOME ASPECTS OF THE INFLUX OF DIRECT FORE IGN-INVESTMENTS TO SLOVAKIAIN INTERNAL AND INTERNATIONAL CONTEXT, Ekonomicky casopis, 45(2), 1997, pp. 121-139
Up to the half of 80-ties the increase of direct world investment flaw
is more significant in its total volume as speedy development of dire
ct foreign investment (DFI) in 50-ties and 60-ties. Global investment
flows recorded an enormous increase, especially, in the second half of
80-ties in the total volume of accepted and invested capital. In coun
tries of Central and Eastern Europe the liberalisation of foreign inve
stment started to be fully manifested after 1989. After the first diff
ident steps in 1989-1990 the influx of DFI started to be more dynamic
in 1991-1995. The presented trend also continued in the second half of
90-ties, even though the change of interest in individual territories
was observed in the region. In spite of certain growth, the DFI volum
e for the countries of Eastern and Central Europe in 1992 represented
only 3% of the global volume of DFI flows. Slovakia, in spite of the s
hort existence in the form of the independent international-legal enti
ty, reached good results in economic area, and even in many directions
the economic development was, basically, more favourable than it was
generally expected. In the group of the transforming countries the Slo
vakia reached forefront position by its results. The important factor
for the future position of Slovakia in the group of the most developed
countries of the world (if not the most important one) is to continue
in the process of the law approximation to the EU, and the gradual tr
ansition to legislative standards for regulation of capital flows whic
h were accepted by the OECD countries. The opinion outlasts among inve
stors that our territory is risky one to certain extent. It is the new
state the negative image of which was created already before its esta
blishment. Recently, the number of western politicians was extended wh
o start to respect the positive development tendencies, and to apply t
his knowledge in political assessment of the SR. It is important to re
alise how important task plays the system of recommendations and prece
dents in creation of the favourable image. In order to improve the pos
ition of Slovakia in view of foreign investors, it is necessary to pre
pare and to realise more offensive marketing policy abroad which would
present the complex view of the SR as an integral part of the Europea
n economic space and the prospective country with good industrial pote
ntial.