Vološin Martin
Doc., PhD., Ing.
International School of Management ISM Slovakia in Prešov
1 Duchnovičovo námestie Str., Prešov, 080 01, Slovakia
Vološinová Darina
PhD., Ing.
International School of Management ISM Slovakia in Prešov
1 Duchnovičovo námestie Str., Prešov, 080 01, Slovakia
GLOBAL ECONOMIC DEVELOPMENT, INVESTMENS AND INVESTMENT POLICY
Abstract: The paper is focused on the question of global economic development, its overall assessment over the past two years, and the economic outlook for next year. It discusses essential features of the development of key world economies (USA, EU, BRIICS) and factors of slowdown in the pace of global growth compared with developments in Slovakia. In the next part of the article we describe the global investment trends and characteristics of national investment policies. In terms of investment policies of individual states there are also concerns regarding the threats to national security, which resulted in restrictions on foreign investments. These measures have the character of formal restrictions, as well as complex control mechanisms that allow domestic authorities to enter into the process. It is therefore important to implement the international agreements on foreign investments in a transparent manner. It is also important to support the capacity building, especially in less developed countries, in order to better exploit the opportunities arising from the development of international trade and investment agreements.
Keywords: globalization, economic growth, foreign direct investments, investment policy.
JEL Classification: E20, F01
Bibliography
AGNEW, J., 2015. The new global economy: time-space compression, geopolitics, and global uneven development. Journal of World-Systems Research, 7(2), pp. 133-154.
DOBBS, R., MANYIKA, J., WOETZEL, J., 2015. The four global forces breaking all the trends. McKinsey Global Institute.
INTER-AGENCY TASK FORCE, 2016. Addis Ababa Action Agenda: Monitoring Commitments and Actions. Inaugural Report. New York: United Nations Inter-agency Task Force on Financing for Development.
JESSOP, B., 2016. Jack Rasmus: Systemic Fragility in the Global Economy. Capital & Class, 40(2), pp. 400-403.
KUZMIŠIN, P., KUZMIŠINOVÁ, V., 2015. International Business Environment and Multinational Corporations – Trends in the Context of Globalization. Perspectives, No. 2/2015, College of International Business ISM Slovakia, ISSN 1339-8245.
LYLES, M., LI, D., YAN, H., 2014. Chinese Outward Foreign Direct Investment Performance: the Role of Learning. Management and Organization Review, 10(3): 411–437.
MATTHEWS, C., 2015. These Five Trends Will Shape the Global Economy in 2016. FORTUNE, 28 December 2015.
OECD, 2016. Interim Economic Outlook, November 2016.
OBADI, S. M. et al., 2015. Vývoj a perspektívy svetovej ekonomiky. Ekonomický ústav Slovenskej akadémie vied, Bratislava 2015, ISBN 978-80-7144-245-5.
UNCTAD, 2015. World Investment Report 2015.
UNCTAD, 2016. World Investment Report 2016.
VOLOŠIN, M., 2011. Global Trends and Development of the Foreign Direct Investment in Slovakia. In: Transactions of the Universities of Košice. Special issue devoted to the Conference „Innovations of Business Activities VI.” No. 1/2011. Košice : Technical University, pp. 88 – 95, ISSN 1335-2334.
VOLOŠIN, M., VOLOŠINOVÁ, D., 2011. Structural Changes in the World Economy and the Responsibility of Systemically Important Countries. In: Społeczno-ekonomiczne problemy gospodarowania w warunkach transformacji. Warszava: Uczelnia Warszawska im. Marii Skłodowskiej-Curie, ISM Slovakia, pp. 13-24, ISBN 83-89884-42-9.