Open AccessSlovakia in the Whirl of Globalization
Author(s) -
Darina Chlebíková,
Mráziková x Janka,
Hrašková Dagmara
Publication year - 2010
Publication title -
research in applied economics
Language(s) - English
Resource type - Journals
ISSN - 1948-5433
DOI - 10.5296/rae.v2i1.408
Subject(s) - globalization , capital (architecture) , order (exchange) , point (geometry) , slovak , economics , foreign capital , frame (networking) , economic system , international trade , market economy , economy , geography , macroeconomics , foreign direct investment , engineering , finance , telecommunications , linguistics , philosophy , geometry , mathematics , archaeology , czech
In the institutional frame of international relations fundamental changes are caused by globalization, where transnational corporations have an important and decisive point. States open their economies, liberate the international trade and capital market in order to spread their international economics relations. At the moment the Slovak economy is to a great extend depended on transnational corporations, so it is a part of globalization processes and is facing the necessity to be prepared for it. An arm in arm globalization is accompanied by regionalization. From this point of view has Slovakia notable disparity and restraints that will have to be solved.