FOREIGN TRADE IN GLOBALIZED WORLD: COMPARATIVE ANALYSIS IN SELECTED COUNTRIES FROM CENTRAL EUROPE

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F18%3A50014911" target="_blank" >RIV/62690094:18450/18:50014911 - isvavai.cz</a>

Result on the web

<a href="https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_6.pdf" target="_blank" >https://globalization.uniza.sk/wp-content/uploads/2018/12/proceedings_globalization_2018_part_6.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

FOREIGN TRADE IN GLOBALIZED WORLD: COMPARATIVE ANALYSIS IN SELECTED COUNTRIES FROM CENTRAL EUROPE

Original language description

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 formula of Gross Domestic Product). This article deals with selected aspects of foreign trade in countries from central Europe, namely in the Czech Republic, Slovakia, Poland, Hungary, Germany, and Austria. Method of comparative analysis has been used in this article, where special attention has been placed on two different topics. First one is about verification of hypothesis about openness of the economy, where theory claims that strong and large countries are usually less open, compared to weak and small countries. According to this proclamation should be Germany, Austria, and Poland less open than the other analysed countries. Second topic is about the development of foreign trade in the countries with and without Euro. Germany, Austria, and Slovakia have been using Euro as domestic currency, where other analysed countries have their own currencies. The article compares the development in these countries with the aim to find similarities and differences. Detail results are described in the article, where some conclusions are relatively surprising (for example the development of the trade in countries with and without Euro).

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

50602 - Public administration

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

2594-2601

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

000681676300332