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Foreign Direct Investment in Slovakia Theoretical Reflections on a Changing Investment Incentive Structure Kytir Sandra Department of Sociology Lancaster.

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Presentation on theme: "Foreign Direct Investment in Slovakia Theoretical Reflections on a Changing Investment Incentive Structure Kytir Sandra Department of Sociology Lancaster."— Presentation transcript:

1 Foreign Direct Investment in Slovakia Theoretical Reflections on a Changing Investment Incentive Structure Kytir Sandra Department of Sociology Lancaster University UK

2 Tendencies in the Slovak Incentive Structure (1) Broadening of the notion of investment incentives (2) From an incentive structure to a steering structure

3 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

4 Tendencies in the Slovak Incentive Structure

5  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

6 Tendencies in the Slovak Incentive Structure

7  Consequence: tendential shift from FDI as developmental strategy to FDI as part of a developmental strategy

8 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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