@article{saxunova2018focus,
  title = {Focus on the Automotive Industry in the Context of a Globalization  Process in Slovakia},
  author = {Darina Saxunova and Daniela Novackova and Lubica Bajzikova},
  year = 2018,
  url = {https://ibimapublishing.com/articles/JEERBE/2018/435685/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = 2018,
  pages = 18,
  doi = 10.5171/2018.435685,
  abstract = {Slovakia, as the European Union member state since 2004, is the biggest car producers in the world per capita. The process of globalization has contributed to this Slovak success with its foreign direct investments having been directed into the Slovak Republic.  State aid rules of Slovakia are implemented and they support and are favorable to attract foreign investment inflows and thereby improve economic performance and lower unemployment of the region leading to the increase of the quality of life conditions. Globalization liberalizes economic and investment relations and removes obstacles for enterprising. Slovak automobile industry consists of three main car producers – manufacturing Volkswagen, Kia and Peugeot-Citroen cars that will be enlarged by Jaguar’s Land-Rover’s models, these manufacturers in Slovakia represent the research object of our article and are focused on from various perspectives. Globalization principles are investigated on the theoretical level; they clarify understanding motives for foreign direct investments, international cooperation and their implementation in the Slovak entrepreneurial environment. The objective of the scientific paper is to examine results of the multinational cooperation and foreign direct investments in the automotive industry and benefits from globalization gained by Slovakia in the area of economic development. Results of the automotive industry analysis presented in the paper point out how crucial arguments (for instance, state aid instruments) effect investment decisions of cross-national investors resulting in satisfactory returns to investors and to the regional development as well. In addition, this research has contributed to the clarification and systemization of the essential knowledge highlighting globalization processes in general.},
  keywords = {pillars of globalization, investment decisions, foreign investors, global enterprise},
  note = Article ID: 435685
}