Foreign Direct Investment in the Slovakia (1): A General Overview and Analysis of Foreign Investment Enterprises’ Performance in the Period 1993-1996
Foreign Direct Investment in the Slovakia (1): A General Overview and Analysis of Foreign Investment Enterprises’ Performance in the Period 1993-1996

Summary/Abstract: Governments in transition economies consider foreign direct investment (FDI) as an important factor, which can improve competitiveness of their eco-nomies and bridge the wide gap between developed countries and transition countries in the fields of technology, access to world markets etc. It is generally accepted that there is important positive long-term impact of FDI on the balance of payments. Foreign direct investment can also play an important role in lowe-ring the deficit and in keeping such capital, which could have otherwise been invested or trans-ferred abroad, at home. The positive role of FDI has been seen also in several other areas, e.g. technology and knowledge transfer, imposing necessary ecologi-cal and technical norms and standards. Having in mind the broadly conceived importance of FDI, this paper aims to provide an insight into the Slovak situation. Since purely theoretical Slovak papers on the specifics of this country’s FDI are missing, we omit in this study to develop any theoretical framework for its transi-tional period. Where necessary, we refer to several theoretical works written by foreign scholars. Despite our limited references to them we are well aware of substantial contribution of R. Vernon, J. H. Dunning, M. Casson, A. Rugman and others in the field of FDI research. ....

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