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Konkurenceschopnost obchodu ČR v procesu globalizace
[Competitiveness of the Trade of the Czech Republic in the Process of Globalisation]

Author

Listed:
  • Marek Rojíček

Abstract

Economic globalisation can be defined as growing interdependence of financial and goods and services markets in the international scale. The important part of globalisation form supranational corporations, which are reaction on the rising competitiveness and need for strategic alliances. The more open is the economy, the more important are the effects of globalisation on the goods and capital flows. This is the case of the Czech Republic, which is vitally dependent on the successful export performance. The export performance is relatively specialized concerning its product and territorial structure. In the period after EU accession the intensity of international cooperation grew rapidly in all the Central European countries, which is mostly the result of the huge FDI inflow at the beginning of the decade. Generally the process of globalisation has its positive and negative effects. For the Czech Republic the positive aspects of globalisation prevail due to its geographical location, qualified and cheap labour force and EU membership.

Suggested Citation

  • Marek Rojíček, 2010. "Konkurenceschopnost obchodu ČR v procesu globalizace
    [Competitiveness of the Trade of the Czech Republic in the Process of Globalisation]
    ," Politická ekonomie, University of Economics, Prague, vol. 2010(2), pages 147-165.
  • Handle: RePEc:prg:jnlpol:v:2010:y:2010:i:2:id:724:p:147-165
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    References listed on IDEAS

    as
    1. Kei-Mu Yi, 2003. "Can Vertical Specialization Explain the Growth of World Trade?," Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 52-102, February.
    2. Ronald W. Jones, 2000. "Globalization and the Theory of Input Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 026210086x, January.
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    5. Peter J Kunzel & Oleh Havrylyshyn, 1997. "Intra-Industry Trade of Arab Countries; An Indicator of Potential Competitiveness," IMF Working Papers 97/47, International Monetary Fund.
    6. David L. Hummels & Dana Rapoport & Kei-Mu Yi, 1998. "Vertical specialization and the changing nature of world trade," Economic Policy Review, Federal Reserve Bank of New York, issue Jun, pages 79-99.
    7. Martin Srholec, 2007. "High-Tech Exports from Developing Countries: A Symptom of Technology Spurts or Statistical Illusion?," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 143(2), pages 227-255, July.
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    9. Leamer, E.E., 1995. "The Heckscher-Ohlin Model in Theory and Practice," Princeton Studies in International Economics 77, International Economics Section, Departement of Economics Princeton University,.
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    More about this item

    Keywords

    competitiveness; transaction costs; fragmentation of value chain; high-tech products; globalisation; structure of trade;

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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