TAILIEUCHUNG - Impact of globalization and foreign direct investment on the regional economies: The case of the Czech republic

The inflow of foreign direct investment is one of the key indicators of competitiveness of the national economy and regions in the Czech Republic. In the case of transitive economies(such as the Czech economy), globalization is deeply associated with the inflow of foreign direct investment that is able to integrate the national economy to global markets and global production chains. | Hlavácek Petr and Petra Olsová. Impact of Globalization and Foreign Direct Investment on the Regional Economies The Case of the Czech Republic. In The Scale of Globalization. Think Globally Act Locally Change Individually in the 21st Century 70-75. Ostrava University of Ostrava 2011. ISBN 978-80-7368-963-6 http globalization publ2011 . Impact of Globalization and Foreign Direct Investment on the Regional Economies The Case of the Czech Republic Petr Hlavácek Petra Olsová Petr Hlavácek University of . Purkynè in Ústí nad Labem Ústí nad Labem Czech Republic E-mail Petra Olsová University of . Purkynè in Ústí nad Labem Ústí nad Labem Czech Republic E-mail Abstract The inflow of foreign direct investment is one of the key indicators of competitiveness of the national economy and regions in the Czech Republic. In the case of transitive economies such as the Czech economy globalization is deeply associated with the inflow of foreign direct investment that is able to integrate the national economy to global markets and global production chains. The aim of this paper is to analyze the role of foreign direct investment as a carrier of globalization in the case of the Czech Republic. The second aim is to evaluate the impact of foreign direct investment at regional level and to analyze regional differences within the Czech Republic which could show different ability of regions to compete in global economic space. Key words foreign direct investment region Czech Republic globalization competitiveness Introduction Current research of regional development stresses the importance of the institutional context of regional development Rutten and Boekema 2007 138 . From the institutional economy point of view the actor is strongly interwoven through contractual relationships and market mechanisms with other entities Mlcoch 2005 and uses networking to optimize its market position. The .

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