MANAGEMENT OF FOREIGN DIRECT INVESTMENT IN TERMS OF ITS REGIONAL LOCALIZATION IN SLOVAKIA
Abstract
The phenomenon of globalization had resulted in strengthening of the international capital movement in the 1990s, which led to an intensive retraction of small and open economies into the globalization process. The foreign direct investment (FDI) has since gained its importance, especially in the area of local and regional development. Its positive impact is reflected at the local, as well as at the national level. FDI is the means of ensuring technology transfer, increasing employment, as well as improving the quality of the workforce.
The aim of this article is to assess the stock of foreign direct investment and its localization in the Slovak regions at NUTS III level. From the content perspective, the article analyzes the economic development of the Slovak region by region, based on the stock of FDI, by using models from neoclassical theory of regional development for the period from 1999 to 2009. We assumed that the different regional stock of foreign direct investment would have a significant impact on the economic differentiation of the regions in the Slovak Republic. This analysis confirmed our assumption.
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