Elsevier

Procedia Economics and Finance

The Analysis of the Factors Influencing the International Trade of the Slovak Republic☆

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Abstract

Global tendencies and movements in the world are great challenges and as well important opportunities for individual economies. Globalization of the markets and the internationalization of the production nowadays the most meaning features of the world economical development during the last decades. Globalization impacts have changed the rules of the world competition. Global strategy is based on the search of the remainder betwixt the local adaptation and global standardization. Globalization every bit an economic phenomenon take affected significantly the growth of the international trade. Growth of the international trade has been influenced past many factors followed-upward on globalization, such equally the development of the technology, governments decisions, institutions activities, consumers behaviour, increasing contest, new merchandise agreements, etc. The aim of the proposed Paper is to analyse chosen factors concerning the globalization procedure that take influenced the growth of international trade of the Slovak Republic. By using scientific-cerebral methods, i.eastward. upshot analysis, gained data synthesis, comparing and deduction chosen factors influencing the international trade of the Slovak Republic were reviewed. We have focused on the last decade – the time priod after the entry of the Slovak Democracy into the European Union. Based on the results, we tin can state that at that place is a place for an improvement in all searched fields because the strategic location of the Slovak Republic - in the center of Europe.

Keywords

international trade

factors

Slovak Republic

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