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Transformation of V4 countries was the first step of the change of the bipolar world diversity. Transformation from the central planned economy to the market economy was a very complex process. The main part of the transformation represents the change of the public ownership towards private property. It was realized by the privatization of state-owned companies. Due to the lack of domestic savings, the involvement and participation of foreign capital seemed to be necessary. Foreign capital was represented mainly b...

Investment incentive is one of determinants for attraction of foreign direct investments. Due to relatively identical or uniform conditions, incentive is the instrument for governments to gain some advantage in comparison to other countries. The most proclaimed argument to use incentives is the job creation. These jobs would be not created, if the incentives were not provided for foreign investors. On the other hand, incentives themselves mean expenditures that have to be paid in effort to create such jobs. Thus, ...

Present period of globalization, fast economic development and world economic crisis is accompanied with a lot of changes in labour market. Increasing number of people without job and income has negative impacts on the whole economy, creates social tension and endangers public finances. One of the potential and perspective solutions is a support of the flexibility of labour, which eventuates in a more flexible labour market and an increased mobility of labour force. It allows firms to adjust employment to the chan...

Foreign trade is one of the ways in which the national economy of the country is involved into the international division of labor with other countries. The extent of the participation of countries in international trade depends on the variety economic, political, natural, technical or other conditions. Due to the relatively small internal market and lack of sufficient energy and raw materials is the Slovak economy very open in the long term, what created the conditions for a highly positive development. In the co...

The development of word economy in 90Вґs years of 20th century was facilitated by the development of international trade and its liberalization. Trade, but also foreign investment has stimulated economic growth, particularly, in developing and transition countries. Thus, trade policy began to be very effective instruments in affecting growth of economies. It is liberalization of trade that has shift Visegrad countries (Czech Republic, Hungary, Poland and Slovakia) from transition economies to the group of most dev...

Transnational corporations grew up rapidly in 90s years of 20th century. They have acquired very strong position in world economy and started to play an important role in influencing particular national economies. Transnational corporations affect host economies through two channels – by foreign direct investment and international trade. Objective of the paper is to estimate the importance of foreign direct investment inflow, export and import on labour productivity and unemployment (two most common factors in a...