Selected Topics of Foreign Trade in the Czech Republic and in Slovakia

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F17%3A50013873" target="_blank" >RIV/62690094:18450/17:50013873 - isvavai.cz</a>

Result on the web

<a href="https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2017_part_3.pdf" target="_blank" >https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2017_part_3.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Selected Topics of Foreign Trade in the Czech Republic and in Slovakia

Original language description

The Czech Republic and Slovakia are both countries in the Central Europe, which share not only common history and geographical location, but also similar economic development. Moreover, both of them entered the European Union in the same year and both of them are members of Visegrad Four, but despite these similarities there exists one significant difference in modern history of these countries. Slovakia has been using Euro as currency since 2009, while in the Czech Republic is still used Czech crown. Foreign trade plays important role in the economy of every country, especially in modern globalized world; it solves the proportionality problem, builds the demonstrative effect, but most of all, it supports economic development (in theoretical point of view, foreign trade is part of the Gross Domestic Product formula). This article deals with selected topics of foreign trade in both analysed countries, namely in the Czech Republic and Slovakia. The aim of the article is to compare the development of foreign trade in the country with Euro and without Euro. Special attention is paid on the situation in the Czech Republic, where Czech National Bank intervened on the exchange rate between the Czech crown and Euro for several months with the aim to support the export of the Czech Republic. Despite these interventions, the development of the export of the Czech Republic is not stable, as well as the development of the export of Slovakia. Brief results are described in this article.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2017

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Globalization and its socio-economic consequences

ISBN

978-80-8154-212-1

ISSN

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e-ISSN

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Number of pages

8

Pages from-to

1112-1119

Publisher name

Žilinská univerzita

Place of publication

Žilina

Event location

Rajecké Teplice

Event date

Oct 4, 2017

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000685059202010