GLOBALIZATION AND ITS IMPACT ON FOREIGN CONTROLLED CORPORATIONS IN THE CZECH REPUBLIC

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50014899" target="_blank" >RIV/62690094:18450/18:50014899 - isvavai.cz</a>

Result on the web

<a href="https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_3.pdf" target="_blank" >https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_3.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

GLOBALIZATION AND ITS IMPACT ON FOREIGN CONTROLLED CORPORATIONS IN THE CZECH REPUBLIC

Original language description

Foreign direct investment in the form of foreign controlled corporations has become a significant factor of globalization and obviously in the Czech economy, which has been making its performance and export abilities more dynamic in the last twenty years. The article summarizes selected analyses and trends in development of FDI (2000-2017) in Czech economy. Methods of comparative analysis and analysis of trends are used. Apart from the assessment of foreign direct investment inflow seen from the European Union perspective, this article also focuses on the assessment of the foreign direct investment inflow in the national economy. The main point is to formulate the selected benefits and the costs of foreign controlled corporations functioning in the Czech economy in the last decade and on this basis to give a recommendation for the economic policy in this area. Macroeconomic connections are an equally important constituent of this article – the relation of foreign direct investment to the labour market, and to the balance of payment. The results of analysis are briefly described in the text of the article. However, one of the most important conclusion is that the foreign controlled corporations as capital part of globalization, which significantly contribute to the growth of the Czech economy, employment and the increase of its export performance, must have enough investment opportunities in the domestic economy in the future to reinvest the created profit and not to transfer it back abroad.

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

2018

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

978-80-8154-249-7

ISSN

2454-0943

e-ISSN

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Number of pages

8

Pages from-to

1095-1102

Publisher name

Žilinská univerzita

Place of publication

Žilina

Event location

Rajecké Teplice

Event date

Oct 10, 2018

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000681676300142