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Published byCharity Perry Modified over 9 years ago
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Foreign Direct Investment in Slovakia Theoretical Reflections on a Changing Investment Incentive Structure Kytir Sandra Department of Sociology Lancaster University UK
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Tendencies in the Slovak Incentive Structure (1) Broadening of the notion of investment incentives (2) From an incentive structure to a steering structure
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Brief Overview of Slovakia‘s Relationship to FDI Shift from Economic Nationalism to Economic Liberalism Changes in the relationship between political and economic autonomy FDI is recognised as a policy field Subordination of economic policy to international competitiveness
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Tendencies in the Slovak Incentive Structure
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Reasons: necessary diversification of competitive strategies, external and internal constraints, financial aspects (e.g. cost- efficiency) Consequence: increasing influence of foreign investors on regional development coinciding with increasing efforts to embed FDI in regional economies
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Tendencies in the Slovak Incentive Structure
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Consequence: tendential shift from FDI as developmental strategy to FDI as part of a developmental strategy
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Concluding Remarks These two tendencies are inter-related Competitive strategies are by no means coherent and consistent over time; rather, they have an evolutionary trajectory, going through various stages
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