SOME ASPECTS OF THE INFLUX OF DIRECT FORE IGN-INVESTMENTS TO SLOVAKIAIN INTERNAL AND INTERNATIONAL CONTEXT

Authors
Citation
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
Citations number
9
Categorie Soggetti
Economics
Journal title
ISSN journal
00133035
Volume
45
Issue
2
Year of publication
1997
Pages
121 - 139
Database
ISI
SICI code
0013-3035(1997)45:2<121:SAOTIO>2.0.ZU;2-L
Abstract
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.