Economics and management of national economy

Foreign direct investments and their influence on the economic development of Slovakia

Economic Annals-XXI

Economic Annals-XXI: Volume 127, Issue 3-4(1), Pages: 31-34

Citation information:
Táncošová, Ju. (2013). Foreign direct investments and their influence on the economic development of Slovakia. Economic Annals-XXI, 3-4(1), 31-34. https://ea21journal.world/index.php/ea-v127-09/

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Judita Táncošová
PhD (Economics),
Associate Professor,
Department of Economics and Finance,
Vice-Rector for Education,
School of Economics and Management in Public Administration in Bratislava, Slovak Republic
judita.tancosova@vsemvs.sk

Foreign direct investments and their influence on the economic development of Slovakia

Abstract. This part is dealing with the problem of foreign direct investments (FDI) from the theoretical point of view as well as from the point of view of their influence on economic development of Slovakia. We are characterizing the FDI and pointing at the eclectic theory as one of the most general theories of FDI, which is based on the so called OLI Paradigm. We are analysing the phases of access of FDI in the Slovak economy in connection with the GDP growth, with the speed of economic growth and the development of unemployment. We are comparing the inflow of FDI with the development of basic macroeconomic indicators in economy as well as in individual regions of Slovakia arriving at the conclusion that the FDI belong to effective factors of economic growth, they reduce unemployment and influence regional disparities.

Keywords: Foreign Direct Investments; The Eclectic (OLI) Paradigm; Gross Domestic Product; Unemployment; Regional Disparities

JEL Classification: E22; F21; F43

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Received 27.02.2013

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